German Business Sentiment Gloomy: Ifo Index Drops Due to Middle East Crisis; Iran Scoffs at US Peace Plan

World news » German Business Sentiment Gloomy: Ifo Index Drops Due to Middle East Crisis; Iran Scoffs at US Peace Plan
Preview German Business Sentiment Gloomy: Ifo Index Drops Due to Middle East Crisis; Iran Scoffs at US Peace Plan

The mood in the executive suites of German companies is at a low point not seen for a long time, due to the crisis in the Middle East. According to reports, the United States has presented a peace proposal to Tehran, which has been met with scorn and mockery from Iran.