European stocks finish the week near record highs as investors react to signs of possible progress toward a US-Iran agreement. Multiple outlets link the market strength to expectations that tensions tied to the Strait of Hormuz could ease if a deal moves closer to fruition. Alongside the equity gains, oil prices fall amid the same speculation. The decline in oil is attributed to market expectations that reopening or improved access to the Strait of Hormuz would reduce supply risks. Together, the moves suggest traders are pricing in a less disruptive energy outlook while monitoring diplomacy between Washington and Tehran. While the reports characterize the developments as hopes or speculation rather than confirmed terms, they frame the episode as a key driver of near-term sentiment in European markets. The shared theme across sources is that improving expectations around a potential US-Iran deal coincide with reduced oil pressure and support for broader equity performance, leaving European shares hovering close to their prior peak levels.