Frankfurt’s DAX 40 traded slightly above the flatline around 25,430 on Monday as investors assessed the ongoing US-Iran standoff, rising crude oil prices and elevated government bond yields. Tensions remained high after US President Trump rejected Iran’s proposed truce, while Tehran said it would not ease its conditions for reopening the Strait of Hormuz. Another round of indirect talks between Washington and Tehran is set to resume this week. Gains in pharma and healthcare, utilities and autos helped counter declines in technology, industrial and banking shares.