BUZZ-European travel and leisure stocks fall on US-Iran tension

60 Degrees Pharmaceuticals, Inc.
Carnival Corporation Ltd.
ProShares Ultra MSCI Japan

60 Degrees Pharmaceuticals, Inc.

SXTP

0.00

Carnival Corporation Ltd.

CCL

0.00

ProShares Ultra MSCI Japan

EZJ

0.00

** European travel and leisure stocks fall sharply, under pressure from rising fuel costs and heightened geopolitical risk, adding to broader risk-off tone across European equities

** Brent crude LCOc1 up over 5% on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship, while traffic through the Strait of Hormuz stayed largely halted

** Airlines Lufthansa LHAG.DE, EasyJet EZJ.L, ICAG ICAG.L, Ryanair RYA.I, Air France KLM AIRF.PA, Wizz Air WIZZ.L down around 3-5%

** Tour operators and cruise firms TUI TUI1n.DE, Carnival CCL.L down 3.8 and 2.8%, respectively

** Sector vulnerable to sustained higher oil prices, with traders pricing in margin pressure and disruption to travel

** STOXX Travel & Leisure index .SXTP top faller among European sectors, down 2.1%, extending YTD losses beyond 5%