The DAX closed unchanged at 22,636 points on Tuesday amid uncertainty from the Iran conflict. The index dipped as much as 1.2 percent intraday, following Monday's gains. US President Donald Trump extended an ultimatum to Tehran.
Reported from Düsseldorf: The Iran conflict has markedly increased volatility in financial markets. Tuesday's session failed to sustain Monday's positive momentum. The DAX closed at 22,636 points, unchanged from the previous day. It traded down as much as 1.2 percent intraday. The SAP share dropped sharply, though specific figures were not provided. Brent crude rose above 100 dollars on conflict fears and supply concerns. Iran denied direct talks with the United States. On Monday, the DAX surged following an announcement by US President Donald Trump. The index gained up to 1,300 points, peaking nearly 3.5 percent higher, before closing 1.2 percent up at 22,654 points. Trump had threatened Tehran on Sunday with a 48-hour ultimatum to free the Strait of Hormuz, warning otherwise of US strikes on Iranian power plants. On Monday, he extended the deadline by five days, citing 'productive talks' with Tehran over the weekend.
