Bond.az - European stock markets advanced on Monday, buoyed by reports that the US and Iran are close to a peace deal.
The pan-European Stoxx 600 rose 0.9% to its highest since March 2. Germany's Dax climbed 1.4% and France's CAC 40 gained 1.8%. However, the UK's FTSE 100 and Wall Street were closed for holidays.
Washington and Tehran have agreed in principle on an accord to end their over two-month war. The deal would include reopening the Strait of Hormuz, a vital oil passage.
Brent crude fell 5.7% to $94.50 a barrel, easing inflation concerns and cooling rate hike expectations.
US President Donald Trump tweeted that he told his representatives "not to rush into a deal." The timing of a formal agreement remains unclear.
Energy stocks dipped on lower oil prices, with Eni, Repsol, and TotalEnergies falling. Germany's Delivery Hero spiked to an 18-month high after Uber's takeover offer.
