CAC 40 Rises 0.31% on July 13 as Oil Jumps on Iran Tensions

The CAC 40 closed 0.31% higher on July 13 at approximately 8,339, recovering from an intraday dip to 8,306 amid elevated U.S.-Iran tensions that lifted Brent crude nearly 5%. The index had surged to a three-month peak of 8,518.79 on July 6 before plunging 2.2% on July 8 as Middle East escalation revived inflation fears. It then rebounded 0.90% on July 9 and 0.15% on July 10 as oil eased and dip-buying emerged, with volatility remaining elevated as the CAC 40 VIX stayed at its 52-week high of 18.96. Selective support came from strong earnings at Sodexo and STMicroelectronics alongside soft French inflation data.