European stock markets fall over escalating tensions in the Strait of Hormuz

European stock markets have fallen again, following sharp losses in Asia, as global investors worry over the economic fallout from the ongoing conflict.

London’s FTSE 100 dropped more than 2% to 9,706, its lowest since December, while Germany’s DAX and France’s CAC 40 are down around 2%.

In Asia, Japan’s Nikkei lost 3.5% and South Korea’s Kospi plunged 6.5%.

Analysts say escalating tensions over the Strait of Hormuz are fueling market jitters, with hopes for a quick resolution fading.