European Closes: Euro Stoxx 50 -1.19% at 5,500, Dax 40 -1.32% at 22,315, FTSE 100 -0.05% at 9,967, CAC 40 -0.87% at 7,702, FTSE MIB -0.74% at 43,379, IBEX 35 -0.95% at 16,803, PSI -1.28% at 8,882, SMI -0.73% at 12,550, AEX -1.09% at 960

US Secretary of State Rubio says we had a really good meeting at G7; we expect the Iran operation to conclude at the appropriate time, we are talking weeks, not months; Iran may decide to set up a tolling system on the Strait of Hormuz

UN spokesperson says UN has established task force to create new mechanism for strait of Hormuz to facilitate fertilizer trade and movement of related raw materials

European Closes: Euro Stoxx 50 -1.19% at 5,500, Dax 40 -1.32% at 22,315, FTSE 100 -0.05% at 9,967, CAC 40 -0.87% at 7,702, FTSE MIB -0.74% at 43,379, IBEX 35 -0.95% at 16,803, PSI -1.28% at 8,882, SMI -0.73% at 12,550, AEX -1.09% at 960

House Republican leaders are proposing a 60-day CR for all of the DHS

US Secretary of State Rubio told G7 counterparts that the Iran war should end in a matter of weeks, according to reports; Rubio did not ask G7 to contribute ships to clear strait of Hormuz now but asked them to prepare for postwar role