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European stocks traded lower on Friday as AI-driven jitters continued to weigh and the Persian Gulf conflict dragged on. The pan-European STOXX 600 fell 0.7 percent to 639.27, with the German DAX dipping 0.8 percent and France's CAC 40 shedding 0.9 percent, while the U.K.'s FTSE 100 was marginally higher, led by energy stocks such as BP Plc and Shell. Tech stocks suffered heavy losses, with Infineon Technologies falling 6 percent and ASML Holding declining 4.7 percent. Oil prices headed for a 10 percent weekly gain amid escalating Middle East tensions, as Tehran launched strikes against several countries across the Gulf and wider region after the U.S. launched a wave of strikes against Iran for the sixth night in a row over control of the Strait of Hormuz. Among individual movers, Swedish builder Skanska fell 2.3 percent after reporting second-quarter revenue in line with expectations, while industrial bearings maker SKF slumped 5.5 percent after second-quarter sales came in flat, and Saab surged 4.8 percent after reporting a sharp rise in second-quarter earnings.