Stockholm stock market recovers slightly despite war fears

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Stockholm stock market recovers slightly despite war fears
Photo: Claudio Bresciani/TT

Steelmaker SSAB is among the winners, up 3.3 percent. Pharmaceutical giant AstraZeneca is down 1.0 percent.

The market is fully focused on the tense situation around the Strait of Hormuz, where the ceasefire between the US and Iran is fragile after shelling from both sides.

The price of North Sea oil is around $114 a barrel, compared with about $70 a barrel before the US and Israel began bombing Iran on February 28 of this year.

Wall Street closed lower on Monday, and Asian markets were lower overnight.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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