Despite ongoing tensions in the Middle East, the French stock market is up firmly in positive territory a little past noon on Wednesday, as oil prices dropped amid easing concerns about disruptions in supplies. Financial and luxury stocks are among the notable gainers.
Oil prices have dropped following Iran reaching an agreement to resume exports via Turkey. Additionally, Iraqi and Kurdish authorities agreed to resume oil exports through Turkey’s Ceyhan port, offering some relief to investors worried about supply disruptions caused by the escalating U.S.-Israel war on Iran.
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