European stock markets boosted by the peace agreement between the US and Iran.

After the United States and Iran agreed to a temporary agreement to end the war and reopen the Strait of Hormuz, European stock markets followed the Asian stock markets higher. The German DAX index, the UK's FTSE 100 index, and the French CAC 40 index rose by 1.7%, 0.7%, and 1.6% respectively, while the European STOXX 600 index rose by 1.2%. The market was boosted by increases in most sectors, but was dragged down by the energy sector due to a drop in oil prices. Shell, BP, Total Energy, and Chevron Energy all fell by 3.4%, 3.6%, 4.7%, and 4.4% respectively. Brent crude oil fell by 4.4% to $83.45 per barrel, while West Texas Intermediate crude futures fell by 5% to $80.60 per barrel.