India, Oct. 22 -- European stocks closed notably lower on Thursday as concerns over spending on AI infrastructure, Middle East and Russia-Ukraine conflicts, and elevated oil prices hurt investors sentiment. Worries about French debt woes weighed as well.
Brent crude futures surged about 3.5% above $112.50 a barrel, approaching a near four-year high reached in May after reports indicated the U.S. and Israeli militaries have developed specific plans for a short, intensive operation against Iran following next month's midterm elections.
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