(RTTNews) - The major European markets ended little changed on Monday as investors made cautious moves as oil prices climbed higher, fueling concerns about inflation and interest rates. Oil prices climbed higher after U.S. President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz and signaled possible new military strikes after midterm elections. Iran's Foreign Minister Abbas Araghchi expressed hopes for a diplomatic solution, but warned the country is prepared for war with the United States to resume. Brent crude front-month futures climbed to $108.83 a barrel, up from previous close of $104.32, before paring gains. The pan European Stoxx 600 ended flat. The U.K.'s FTSE 100 and Germany's DAX edged down 0.1% and 0.
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