U.S.-Iran Ceasefire Agreement Boosts European Markets
European stock markets have surged following a two-week ceasefire agreement between the United States and Iran. President Trump has agreed to the ceasefire, contingent upon Iran unblocking the Strait of Hormuz, a critical passage for global oil shipments. This development has led to significant gains in European markets, particularly in the construction, materials, and financial services sectors. However, oil and gas stocks have experienced a decline due to the anticipated easing of tensions in the region. The ceasefire is seen as a temporary de-escalation in the ongoing geopolitical tensions that have affected global markets. 
