The DAX gained 0.5 percent on Monday, closing at 23,564 points, despite concerns over a possible escalation in the Iran war. US President Trump demanded support from NATO partners. The German government rejects deploying warships.
Düsseldorf. The German stock market remained focused on the Iran war on Monday. Despite threats from US President Donald Trump, the DAX closed 0.5 percent higher at 23,564 points after previous losses. On Friday, the index fell 0.6 percent to 23,447 points due to fears of a prolonged conflict in the Middle East and rising inflation. The release of more than 400 million barrels of oil from emergency reserves did not fully ease oil price concerns. It remains unclear which states will comply with Trump's demand to send warships to the Middle East to escort vessels through the Strait of Hormuz. The German government has so far rejected such a deployment. Wall Street indices rose, supporting the DAX. Several tankers passed the Strait of Hormuz over the weekend, raising hopes for reopening key oil routes.
