European equities fell 1% on Thursday as investors weighed reports of renewed US‑Iran peace negotiations.
Major indices dropped: Stoxx 600 (-1%), DAX (-1%), FTSE 100 (-1.6%), CAC 40 (-1.2%).
Brent crude fell 2.4% to $98.83/barrel as expectations of reopened Strait of Hormuz eased oil market pressure.
Shell shares slipped 2.85% after beating profit forecasts but cutting share buybacks; Arm posted Q1 revenue outlook above estimates, boosting chip stocks.