The US armed forces have attacked targets in Iran, according to reports. The strikes came despite an ongoing ceasefire and continued negotiations to end the war. The action dampened hopes for a peace agreement and pushed oil prices higher.
The DAX is expected to react to the development. Markets are growing increasingly concerned about further escalation in the Middle East, which could threaten energy supplies. Higher oil prices are particularly weighing on energy-intensive industries and could reignite inflation expectations.
Source: Tagesschau
