European stocks steady before Strait of Hormuz opening
It is noteworthy that Iranian Foreign Minister Rezayi confirmed that reopening the Strait of Hormuz is contingent upon the cessation of wars in Gaza and Lebanon, and Iran will not open the strait beforehand. Meanwhile, the Revolutionary Guard stated that opening the strait depends on Washington’s approval of Tehran's terms. Additionally, oil prices have risen significantly due to the uncertainty surrounding the reopening of the strait. Israeli media reported that more than 20,000 children have been martyred in Gaza, as Israel continues to commit ongoing violations, with casualties and injuries resulting from the recent escalation.
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