European stocks slide as Iran's Hormuz threat looms large

Strait of Hormuz is world's oil superhighway

The Strait of Hormuz is basically the world's oil superhighway (about 20% of global oil passes through it).
With the closure, experts warn that up to 4 million barrels a day could be disrupted in coming months.
This means higher energy costs, more competition for fuel between Europe and Asia, and tougher times ahead for anyone relying on affordable energy.

Deutsche Bank shares tumbled over 5%

Deutsche Bank shares tumbled over 5%, partly because of its €26 billion exposure to private credit as investors pulled money out, another sign that market nerves are running high.