Frankfurt’s DAX 40 fell more than 0.5% to around 25,420 points on Monday as higher oil prices, renewed concerns about artificial intelligence risks and caution ahead of central-bank decisions weighed on sentiment. Oil rose as tensions around the Strait of Hormuz intensified after new Houthi strikes on Saudi Arabia and Iranian attacks on Gulf shipping, while the closure of a key Saudi pipeline added to supply concerns. AI-related worries also returned after Anthropic CEO Dario Amodei warned of potentially large-scale AI-driven cyberattacks and OpenAI CEO Sam Altman urged a more cautious development pace. The Federal Reserve is expected to raise interest rates on Wednesday. Adidas fell 0.6% after Baird downgraded the stock to Neutral and lowered its price target from €180 to €165.