French Stocks Fall on Geopolitical Woes
2026-07-14 07:55
By
Czyrill Jean Coloma
1 min. read
The CAC 40 fell 0.8% to 8,295 on Tuesday, reversing the previous session’s gains as investors continued to weigh the impact of ongoing tensions in the Middle East.
President Trump reimposed a US blockade on Iranian vessels transiting the Strait of Hormuz and sought a 20% fee on all other cargo passing through the waterway.
US forces are also expected to resume maritime patrols and restrictions around Iranian ports and coastal areas, a move that Iran views as a violation of the interim peace agreement and one that could prompt further attacks on commercial shipping.
The developments drove oil prices sharply higher, stoking concerns over inflation and the prospect of tighter monetary policy.
Meanwhile, attention was also focused on the start of the earnings season.
Among decliners, luxury stocks led the losses, with LVMH (-2.1%), Hermès (-1.8%), and Kering (-2.4%) under pressure.
Other notable laggards included Safran (-1.2%), EssilorLuxottica (-2.5%), and Société Générale (-1.4%).