European Stocks Take a Plunge as US-Iran Tensions Rise

When US-Iran tensions flared, European stocks took a dive, ending their six-day winning streak. The pan-European STOXX 600 index slipped about 0.8%, with Germany's DAX and France's CAC 40 joining the fun. Investors got nervous as oil prices shot up over $70 for Brent and $65 for WTI, causing even energy stocks like BP to feel the pinch amidst all the geopolitical drama.