European stocks fell on Tuesday, with the STOXX 50 down 1% and the STOXX 600 down 0.8%, as fresh concerns over a potential escalation in the Israel-Iran conflict weighed on sentiment. The sell-off followed US President Trump's call for the evacuation of Tehran, and his early departure from the G7 summit, which fueled speculation that Washington may be preparing more forceful support for Israeli Prime Minister Benjamin Netanyahu's military operations.
Meanwhile, Israeli attacks on Iranian targets, including missile storage sites and launch infrastructure, continued. Among the worst performers were Amadeus IT Group (-3.4%), UniCredit (-2.5%), and Bayer (-2.3%). Renewable energy stocks also came under pressure after reports that the U.S. Senate Finance Committee is considering eliminating the solar and wind tax credit entirely by 2028. Shares of SMA Solar Technology (-5.5%), Orsted (-2.7%), and Nordex (-2.5%) posted sharp losses. (alg)
Source: Trading Economics
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