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European Stocks Remain Steady Amid US-Iran Tensions and Inflation Concerns
European stocks remained steady at the start of trading today, Friday, amid concerns over escalating tensions between the United States and Iran. This has led to disruptions in global shipping traffic and renewed fears of inflation. An American military airstrike targeted sites inside Iran, and Tehran's retaliation with missile attacks on bases in Kuwait, Bahrain, and Qatar caused near-stoppage of navigation through the Strait of Hormuz. Meanwhile, oil prices climbed again to around $77 per barrel, impacting global prices and stock markets.
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