CAC 40 Slips To 9-month Low As War Concerns Trigger Widespread Selling

France's CAC 40 dropped over 2% Monday morning after U.S. President Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz and warned of strikes on power plants, triggering a market sell-off. The escalation raises near-term risk to oil flows through the Strait and is likely to drive higher energy prices and broader risk-off positioning across European markets.

Analysis

France's CAC 40 dropped over 2% Monday morning after U.S. President Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz and warned of strikes on power plants, triggering a market sell-off. The escalation raises near-term risk to oil flows through the Strait and is likely to drive higher energy prices and broader risk-off positioning across European markets.