European markets rise after a US-Iran peace deal that is expected to reopen the Strait of Hormuz. Euronews reports that the agreement reduces energy supply risk, leading oil prices to fall, which supports sentiment among investors. In Spain, the Ibex 35 moves sharply higher and reaches a new record level above 19,000 points. The rally is described as broad, with strong gains also reported across other European stock markets.
Both accounts link the market jump to the same catalyst: the US-Iran accord and its implications for shipping and oil flows through the Strait of Hormuz. While details of the agreement are not expanded in the provided excerpts, the reporting consistently emphasizes the immediate market reaction—particularly the drop in oil prices following the deal—and the resulting upward pressure on equity indices. The Ibex 35’s move to a record high is presented as part of a wider European market advance driven by expectations of improved regional stability and lower energy costs.
