European Stocks Plummet Amidst Israel-Iran Tensions; Safe Haven Assets Surge

European stock markets experienced a sharp decline on Friday as investors sought safe haven assets amidst escalating tensions between Israel and Iran. The European STOXX 600 index, which tracks major European companies, dropped 1.45% to close at 545.10 points, marking the fifth consecutive session of losses. This downturn reflects a deepening market concern over geopolitical risks in the Middle East, in addition to ongoing uncertainty surrounding U.S. President Donald Trump’s tariff policies.