Sources say Pakistan Army chief Asim Munir is engaging with Iranian officials to try to ease escalating tensions between Iran and the United States.

Trump said he believes the memorandum of understanding with Iran is over.

European equity indices closed lower on Wednesday July 8: Germany's DAX 30 fell 585.80 points (-2.30%) to 24,903.46; the UK's FTSE 100 lost 186.79 pts (-1.75%) to 10,479.09; France's CAC 40 dropped 183.58 pts (-2.18%) to 8,252.66; the Euro STOXX 50 declined 116.00 pts (-1.84%) to 6,203.86; Spain's IBEX 35 fell 541.57 pts (-2.76%) to 19,098.63; Italy's FTSE MIB slid 642.94 pts (-1.23%) to 51,812.50.