The DAX 40 fell 0.9% to around 24,500 on Monday, the lowest since May 19, as traders weighed the renewed escalation of the conflict between Iran and Israel and a fresh spike in oil prices. Both countries exchanged missile strikes over the weekend, despite media reports that US President Donald Trump urged Israeli Prime Minister Benjamin Netanyahu to refrain from retaliating against the latest Iranian attacks. Most sectors recorded losses, except utilities. Travel stocks such as TUI and Lufthansa dropped 2.4% and 1.2%, respectively. Other top decliners included Heidelberg Materials (-2.4%), Airbus (-2.2%) and MTU Aero Engines (-2%). On the upside, RWE gained 1%, while Infineon Technologies rebounded from early losses to advance around 1%.

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