European shares have tumbled as lingering uncertainty over the peace talks between the US and Iran keeps oil prices high, according to Al Jazeera.

After President Trump described the ceasefire with Iran as “on life support” and with Tehran rejecting a US proposal to end the conflict, European equities fell. The pan-European STOXX 600 shed 1.1 per cent to 605.79 points as of 07:03 GMT (12:03pm PKT).

Regional bourses also moved lower with London’s FTSE 100 and Germany’s DAX down more than 1pc.