European airlines fall after U.S. and Iran exchange further strikes
BUZZ-European airlines fall after U.S. and Iran exchange further strikes ** Shares in European airlines fall after the tension in the Middle East escalated as the U.S. and Iran exchanged additional strikes; Tehran claims to have closed the vital Strait of Hormuz after the recent attacks
** Oil price jumps 3.6%, with Metzler flagging the escalating tension between two countries is likely to drive prices higher this week
** The STOXX travel and leisure index .SXTP falls around 1.2% and is among the worst performers sub-index on the pan-European STOXX 600 .STOXX index
** Among single stocks, Ryanair RYA.I, Air France AIRF.PA and International Consolidated Airlines ICAG.L are down between 1.6% and 1.9%
** Wizz Air WIZZ.L, Finnair FIA1S.HE and Lufthansa LHAG.DE fall between 2% and 3%
(Reporting by Ozan Ergenay)
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