Ankara: European stock markets closed Wednesday with losses despite easing tensions in the armed conflict between Israel and Iran. The pan-European Stoxx Europe 600 index fell 0.74% or 4 points to close at 536.98. Germany's DAX 40 fell 0.61% to 23,498.33 points, while the UK's FTSE 100 index lost 0.46% to 8,718.75. France's CAC 40 index decreased 0.76% to 7,558.16 points and the FTSE MIB 30 index in Italy was down 0.39% to 39,319.14. According to Anadolu Agency, the European Commission has prepared a proposal for a rule change that will allow member states to offer electricity price discounts to companies operating in energy-intensive sectors. This initiative comes as a measure to support businesses amid fluctuating energy prices and aims to bolster the competitiveness of European industries. In a related development, new car sales in the EU, the UK, and the European Free Trade Agreement (EFTA) area market reached 1.12 million in May, marking a 1.9% increase compared to the same month last year. However, it wasn't all positive news for the automotive sector. The decline in Tesla-branded car sales in EU countries continued in May, with a notable drop of 40.5% compared to the same period last year. This decline could reflect changing consumer preferences or increased competition in the electric vehicle market.