20.04.202607:44:23UTC+00DAX Slips Again

Frankfurt's DAX 40 fell more than 1% to around 24,400 on Monday, tracking losses across other major European indices as tensions in the Middle East escalated over the weekend. Iran reversed its decision to reopen the Strait of Hormuz and reinstated restrictions on the strategic waterway after Washington signaled it would maintain its blockade of Iranian ports. Subsequently, US forces seized an Iranian cargo ship they accused of violating the naval restrictions.

The developments came as US negotiators traveled to Pakistan for a second round of talks on the eve of the truce’s expiration, with Tehran threatening to boycott the process. The renewed geopolitical uncertainty pushed oil prices higher, reigniting concerns about inflationary pressures and weighing on the broader economic outlook. Most sectors declined, with travel and industrial stocks among the hardest hit.