11:53 AM EDT, 04/13/2026 (MT Newswires) -- European stock markets fell in Monday trading following President Donald Trump's threat to block the Strait of Hormuz after US-Iran peace talks collapsed.

The Stoxx Europe 600, Germany's DAX 40 and the FTSE 100 each lost 0.2%, France's CAC 40 fell 0.4%, and the Swiss Market Index declined 0.3%.

With the prospect of a peace deal dimmed, defense stocks climbed. Dassault Systemes rose 3.6% and Thales gained 2.4% in Paris, while BAE Systems advanced 2.6% in London, and Rheinmetall added 2.5% in Frankfurt.

In corporate news, TotalEnergies signed a memorandum of understanding with Turkey's state energy company TPAO to pursue exploration opportunities.

Shares of the French oil and gas company rose 1.3% in Paris.

Lloyds Banking Group is "moving forward" with the UK Financial Conduct Authority's motor finance redress scheme.

Shares of the British bank fell 0.4% in London.

GSK said Sunday a phase I clinical trial for the mocertatug rezetecan antibody-drug conjugate showed that the monotherapy achieved a confirmed objective response rate of 62% in platinum-resistant ovarian cancer at the highest doses evaluated.

The study also showed a response rate of 67% in recurrent or advanced endometrial cancer.

Shares of the pharmaceutical company eased 0.3% in London.

BP's Namibia unit agreed to acquire a 60% participating interest and operatorship across three offshore exploration licenses from Eco Atlantic.

Shares of BP gained 1% in London.