European Shares Set For Firm Opening On Hormuz Deal Hopes

European stocks are seen opening broadly higher on Friday after reports suggested that the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz, and begin negotiations over Tehran’s nuclear program.

Commenting on the final status of an interim deal, U.S. Treasury Secretary Scott Bessent said, “the teams have been going back and forth” and President Trump had set out three “red lines” for negotiations.