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Geopolitical Score 92 Bearish

Iran Shuts Strait of Hormuz as U.S.-Iran Ceasefire Collapses

Apr 09, 2026 17:11 UTC
SAP, BP, TTE, DAX, SMI
Immediate term

European equities retreated on Thursday after Iran halted oil tanker traffic through the Strait of Hormuz, citing U.S. violations of a recent ceasefire agreement. The escalation comes amid ongoing Israeli strikes in Lebanon and warnings of renewed military action from Washington.

  • Iran halted oil tanker passage through the Strait of Hormuz
  • Tehran accuses U.S. of violating three clauses of the 10-Point Proposal
  • President Trump maintains military deployment pending Iranian compliance
  • DAX fell 1.14% while Stoxx 600 dipped 0.15%
  • German industrial production fell 0.3% in February, missing expectations
  • German exports grew 3.6% month-on-month, the highest since May 2022

European markets ended the session in the red as geopolitical tensions spiked following Iran's decision to close the Strait of Hormuz. The move, which halts the passage of oil tankers, effectively jeopardizes the fragile two-week ceasefire previously agreed upon by the United States and Tehran. Iranian Foreign Minister Araghchi stated that the U.S. violated three clauses of a 10-point proposal, arguing that Washington cannot maintain a ceasefire while Israel continues military operations in Lebanon. In response, President Donald Trump warned that U.S. military forces will remain deployed in the region until Tehran fully complies with the terms of the agreement. The pan-European Stoxx 600 declined by 0.15%, with Germany's DAX suffering the steepest loss at 1.14%. Energy stocks showed mixed results; while BP rose 3.2% and TotalEnergies gained sharply, other sectors struggled. Notably, SAP plummeted nearly 7% and Entain dropped over 8%. Adding to the bearish sentiment, Destatis reported an unexpected 0.3% drop in German industrial production for February, missing the forecasted 0.6% growth. However, German exports showed resilience, growing 3.6% month-on-month, marking the strongest rebound since May 2022, despite declining sales to the U.S. and China.

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