European stocks are seen opening on a cautious note on Wednesday as investors seek more clarity on the U.S.-Iran interim peace deal and await the U.S. Federal Reserve’s interest-rate decision later in the day for new insights on policy signals under the new Fed Chair.

Oil prices hovered near three-month lows, helping ease worries about inflation and the outlook for interest rates.

That said, investors await more clarity on the U.S.-Iran interim peace deal that will be formally signed on Friday in Switzerland.

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