European stocks close lower as oil price rallies amid Middle East conflict

March 6, 2026

TL;DR

European stock markets closed lower on Friday, with the Stoxx 600 down 1%.
The session reversed a positive start as oil prices rallied due to the Middle East conflict.
The Stoxx 600 is on course for a 4.6% loss for the week, its deepest since April.
Global benchmark Brent crude surged past $91 per barrel.
U.S. President Donald Trump stated there would be no deal to end the war with Iran except 'unconditional surrender'.
U.S. Defense Secretary Pete Hegseth indicated the U.S. 'has only just begun to fight' Iran.
Sectra surged nearly 14% after reporting sales and profit increases.
Renk and ITV also saw gains on Friday.

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