European stock markets continue to fall, Brent crude oil once again rises above $85.

European stock markets fell to intraday lows, and Brent crude oil prices once again broke through $85 per barrel. Reports said that Iran has instructed the Houthi militants in Yemen to block the Red Sea shipping lane if the United States strikes its power grid. The Stoxx 600 index fell by 0.9% at one point, before slightly narrowing its losses, with utilities and telecom sectors leading the decline.