Paris stocks extend losses amid concerns over geopolitical tensions in Mideast
At around 13:00 p.m. local time, the benchmark CAC 40 index was down 2.71 percent, or 227.75 points, at 8,166.57 points, after having dropped more than 3 percent earlier in the session. On Monday, the CAC 40 had already closed significantly lower, down 186.43 points, losing 2.17 ..
✨ Key Highlights
Paris stocks continued their decline on Tuesday, extending previous losses as geopolitical tensions in the Middle East escalate. The benchmark CAC 40 index saw a significant drop amid heightened market risk aversion.
- The CAC 40 index was down 2.71 percent, or 227.75 points, at 8,166.57 points by 13:00 p.m.
- The United States and Israel launched strikes against Iran, with the Trump administration claiming attacks could last weeks.
- Inflation risks surged as Iran announced the closure of the Strait of Hormuz, causing Brent crude to jump about 9 percent to over 85 U.S. dollars per barrel.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Oil Extends Gains After New Iran Threat to Gulf Shipping - March 2026
Oil prices have surged with Brent crude exceeding $80 a barrel following new threats from Iran to disrupt shipping in the Strait of Hormuz, a crucial waterway through which approximately 20% of global oil and gas passes. A senior Iranian military advisor stated armed forces will prevent any oil exports through the Strait of Hormuz. Separately, Amazon Web Services confirmed that drones struck three of its facilities in the UAE and Bahrain following US and Israeli strikes against Iran over the weekend. Disruptions continue across the Middle East's aviation sector with limited flights resuming from the UAE following widespread cancellations. Meanwhile, Paris stocks extended losses as geopolitical tensions in the Middle East escalate, with the benchmark CAC 40 index dropping amid heightened market risk aversion.
