Kuwait city: European shares tumbled on Tuesday, as fading hopes of a US-Iran peace deal pushed energy prices higher, following US President Donald Trump's comment calling the ceasefire with Iran "on life support." Among the major markets, France's CAC 40 shed 1.05%, and London's FTSE 100 declined 1.10%.

According to Qatar News Agency, Italy's FTSE MIB dropped 1.44%, and Germany's DAX went down 1.23%. The escalating tensions between the US and Iran have caused uncertainty in the markets, impacting investor sentiment and leading to a decline in stock values across Europe.