US-Iran Conflict Escalates Oil Prices, European Stocks Close Lower

(Central News Agency, London, May 8th, comprehensive foreign wire report) Renewed clashes between the US and Iran in the Strait of Hormuz dashed investors' hopes for an end to the Middle East war and the reopening of this vital waterway, causing oil prices to rise and European stock markets to close lower today.

The London FTSE 100 index fell by 43.88 points or 0.43%, closing at 10233.07 points.

The Frankfurt DAX index fell by 324.98 points or 1.32%, closing at 24338.63 points.

The Paris CAC 40 index fell by 89.51 points or 1.09%, closing at 8112.57 points. (Compiled by Hsu Rui-cheng) 1150509

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