The CAC 40 fell 1% to close at 8,156 on Wednesday amid uncertainty over the US extension of the ceasefire with Iran, as optimism remained subdued despite the pause in hostilities. The Strait of Hormuz stayed largely closed with no signs of renewed US-Iran negotiations, while oil prices rose on reports of gunfire attacks on container ships, fueling fears of energy-driven stagflation and rate hikes. Luxury stocks declined on risk aversion, with LVMH down 2.4% and Herm