European stocks traded lower on Wednesday, extending losses from the previous session after the Wall Street Journal reported that U.S. President Donald Trump was unhappy with Tehran's latest proposal to end the war and has instructed aides to prepare for an extended blockade of Iranian ports.
Fears of tightened supply sent Brent crude prices soaring toward $115 a barrel, rekindling inflation and interest-rate worries.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.