European stocks surged to hit multi-week highs on Monday amid continued optimism around the trajectory of talks to end the Iran war.
Oil prices fell nearly 6 percent, helping ease inflationary concerns after reports emerged that the U.S. is close to reaching a deal with Iran that would end the three-month-old war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium.
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Market Analysis
European Shares Rally On US-Iran Deal Hopes; Banks Lead Gains
2026-05-25 09:03:00
