(RTTNews) - European stocks closed weak on Monday amid concerns about rising oil prices and AI-related worries even as the UK market climbed higher, riding on gains in pharmaceuticals, energy and consumer sectors. A sell-off in the tech sector following warnings of a potentially large-scale AI-driven cyberattacks hurt the markets. The postponement of talks between Iran and several Gulf nations, and caution ahead of key central bank meetings also contributed to the drop. Oil prices rose sharply on supply concerns following Saudi Arabia suspending operations a crucial pipeline after recent drone attacks. Brent crude futures climbed to $109.80 a barrel before easing to $107.50 (still up sharply by about 2.75% over previous close).
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