European Stocks Surge 4% After US-Iran Ceasefire

European equity indices jumped on Wednesday, with Stoxx 600 up 3.7%, DAX 4.9%, CAC 40 3.6%, FTSE 100 2.5% by 03:10 ET.
The rally followed a U.S.-Iran temporary ceasefire agreement, brokered after President Trump threatened to close the Strait of Hormuz.
Brent crude futures fell below $100 per barrel, easing earlier price spikes caused by fears of a prolonged Hormuz shutdown.
Analysts warned the conflict could have inflated inflation pressures and weighed on the global economy, especially for oil‑importing Asian markets.