The CAC 40 fell 0.5% to 8,135 on Monday, extending losses from the previous week as oil prices surged after Saudi Arabia suspended operations on the East-West crude pipeline following drone attacks. The kingdom has yet to indicate when the pipeline will resume operations. Adding to investor caution, talks between Iran and several Gulf nations on establishing a temporary shipping corridor through the Strait of Hormuz were postponed. Notable laggards included LVMH (-1.2%), Schneider Electric (-3.6%) and Legrand (-3.8%). Elsewhere, STMicroelectronics dropped 3.9%, tracking losses across the global technology sector after major AI companies called for a slower pace of development amid growing concerns over safety risks. In contrast, Sanofi (1.4%), Thales (1.0%), Dassault Systemes (4.1%) and Publicis (3.3%) were among the top performers.