European Shares Set For Cautious Start Amid Hormuz Tensions

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source on Google Add Now European stocks may drift lower on Tuesday amid lingering concerns about artificial intelligence spending and escalating U.S.-Iran tensions. Investors also await key U.S. inflation readings, earnings from major U.S. banks, including Goldman Sachs and JPMorgan Chase, and congressional testimony from U.S. Federal Reserve Chair Kevin Warsh for directional cues. Brent crude futures extended overnight gains to surge toward $85 a barrel after the U.S. reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and proposed to charge a 20 percent transit fee on cargo passing through the strategic waterway. Subscribe to continue reading the article. This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription. Start Free Trial FREE 7-Day Trial - No Payment Required Already...