Bond.az - European stocks opened higher on Tuesday, buoyed by hopes that a peace deal between the U.S. and Iran may be possible.
By 03:05 ET (07:05 GMT), the pan-European Stoxx 600 rose 0.3%, Germany's Dax climbed 0.7%, France's CAC 40 gained 0.3%, and the UK's FTSE 100 was up 0.4%.
U.S. President Donald Trump said he called off renewed attacks on Iran, while Tehran noted it sent a new peace proposal.
The U.S. and Iran have been at war since late February. A fragile ceasefire remains, but a lasting peace has proven elusive.
The Strait of Hormuz remains effectively blocked, disrupting global oil flows and sending crude prices higher. Brent crude fell 1.5% to $110.47 a barrel, down from around $70 before the conflict.
Worries about a war-linked energy shock causing inflation persist. However, equity markets remain buoyed by AI enthusiasm. Nvidia is set to report earnings this week.
