European stocks moved mostly lower over the course of the trading session on Friday amid signs that the U.S. and Iran have made little progress toward de-escalating the Middle East conflict.
The Strait of Hormuz remained effectively closed, keeping oil prices elevated and raising concerns that tensions may persist for longer than expected.
According to a Wall Street Journal report, the U.S. military is said to need up to 6 years to replenish the amount of missiles consumed in the war with Iran.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.