European shares declined on Wednesday ⁠as ⁠investors weighed the economic fallout of ⁠the Middle East conflict as it entered its twelfth day and digested a U.S. ​inflation reading. The pan-European ...

You can look at oil's reaction in two ways. It was equivalent to 'buy the rumor, sell the fact', as crude plunged the day before when this move was flagged. Or, it shows supply fears run much deeper ...