European markets are expected to decline following the resumption of hostilities between the United States and Iran. Brent crude remains around $90 per barrel due to disruptions in the Strait of Hormuz, a critical shipping route. The Euro STOXX 50 index, near recent highs, faces pressure from geopolitical instability. These tensions are fueling inflationary pressures and increasing costs for European companies. The probability of European military intervention remains very low, estimated at 0.1% by the end of August.
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