European stocks closed strongly higher after Iran said the Strait of Hormuz was completely open to commercial traffic following the 10-day ceasefire between Israel and Lebanon. The de-escalation removed an immediate geopolitical risk to energy shipments and trade flows, supporting broader risk appetite across markets. The move has potential market-wide implications given the Strait’s importance for global oil transport.
European stocks closed strongly higher after Iran said the Strait of Hormuz was completely open to commercial traffic following the 10-day ceasefire between Israel and Lebanon. The de-escalation removed an immediate geopolitical risk to energy shipments and trade flows, supporting broader risk appetite across markets. The move has potential market-wide implications given the Strait’s importance for global oil transport.
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moderately positive
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