European Stocks Jump 4% After US-Iran Ceasefire

European equity indices rallied sharply, with Stoxx 600 up 3.7%, DAX 4.9%, CAC 40 3.6%, FTSE 100 2.5% by 07:10 GMT.
The surge followed a temporary ceasefire agreement between the United States, Iran and Israel announced by President Trump and Iran’s foreign minister.
Brent crude futures fell below $100 per barrel, easing earlier price spikes caused by fears of a Strait of Hormuz closure.
Pakistan mediated talks, inviting US and Iran to Islamabad, while Israel expressed support, reducing geopolitical risk to energy markets.