European Stocks Rally 4% After US‑Iran Ceasefire

European equity indices jumped, with Stoxx 600 +3.7%, DAX +4.9%, CAC 40 +3.6%, FTSE 100 +2.5% by 07:10 GMT.
A temporary cease‑fire was reached between the United States and Iran, backed by Israel, after President Trump threatened to destroy Iran’s “civilization”.
Brent crude fell below $100 per barrel as the risk of a prolonged Strait of Hormuz closure eased, reducing inflation concerns.
Leaders including Iran’s foreign minister Abbas Araghchi, Pakistan’s PM Shehbaz Sharif and Israel’s Benjamin Netanyahu discussed further talks, bolstering market optimism.