BUZZ-European airlines fall after U.S. and Iran exchange further strikes

Shares in European airlines fall after tensions 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 that escalating tension between the 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-performing sub-indices 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%.