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(Sharecast News) - European stocks were lower and oil prices surged to $126 a barrel on a report the US was mulling another attack on Iran.
The pan-regional Stoxx 600 index was down 0.14% to 602 at 0928 BST with all major bourses lower bar the UK's oil-heavy FTSE 100 which gained 0.49%.
Oil prices jumped after Axios reported that the US military would brief President Donald Trump on potential action against Iran.
In economic news, the German economy grew by 0.3% in the first quarter compared with the previous three-months, according to preliminary official data. Analysts had expected a rise of 0.2%.
A separate release revealed unemployment in Europe's largest economy rose more than expected in April, pushing above the 3 million mark with a rise of 20,000, according to official figures. Economists had expected a rise of 4,000.
In France, the economy stagnated in the first three months of the year, after posting growth of 0.2% in the fourth quarter of 2025.
On the equities front, shares in auto maker Stellantis slumped despite first quarter earnings smashing estimates.
Arcadis surged as the Dutch design, engineering and management consulting company posted a 7% rise in order intake for the first quarter.
Reporting by Frank Prenesti for Sharecast.com
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