European stocks opened subdued, with Stoxx 600 +0.1%, DAX +0.5%, FTSE 100 +0.1% and CAC 40 unchanged.
Investors cautious ahead of possible expiry of the US‑Iran cease‑fire and after the US seized an Iranian‑flagged cargo ship.
Oil prices fell but stayed above pre‑war levels as hopes for renewed peace talks emerged.
Focus shifted to Washington where Kevin Warsh, Trump’s Fed Chair nominee, will stress monetary‑policy independence at hearings.