European shares edged higher on Tuesday. Investors welcomed news that the US paused a planned attack on Iran after Tehran's peace proposal.
President Trump said there is a 'very good chance' of a deal on Iran's nuclear program. Oil prices fell 2% but stayed over $100 a barrel.
The pan-European STOXX 600 rose 0.2% to 611.22 points, still below pre-war levels.
European equities lag global peers due to reliance on oil imports. US and global markets rebounded on AI-led optimism.
Nvidia reports quarterly results on Wednesday, a test for the AI trade.
Standard Chartered dropped 0.8%. The bank plans to cut over 7,000 jobs in four years to boost AI adoption.
Vallourec tumbled 10.3% after ArcelorMittal sold a 10% stake at a discount.
