European stocks began the week on a muted note, with both the STOXX 50 and STOXX 600 hovering around flat levels. Investor sentiment remained cautious as tensions with Iran showed no signs of easing, and US President Trump suggested the possibility of seizing Iran’s oil resources, including the key export hub of Kharg Island. Amid these geopolitical concerns, oil prices extended their rally, reaching their highest levels since 2022. Sector performance was mixed: industrials lagged, while utilities and energy stocks outperformed. Among individual names, HSBC (-1%), Herm