European Shares Seen Tad Higher At Open

European stocks are seen opening a tad higher on Thursday as diplomatic efforts to ease tensions between the United States and Iran gather pace.

U.S. President Donald Trump said “a lot of progress had been made” on the subject of reopening the Strait of Hormuz and a deal could be announced this week.

Iran said it had reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, making a potential step toward reopening of the critical waterway for energy supplies.