European equities opened sharply higher, with gains across most sectors after a conditional US‑Iran ceasefire was announced.
German automakers, luxury brands and banks jumped 4‑10%, while chipmakers rose 5‑11% on the positive sentiment.
Oil prices fell below $100 as Brent slid to $94.30 and WTI to $95.77, dragging energy stocks lower.
US President Trump announced a two‑week suspension of attacks on Iran, contingent on reopening the Strait of Hormuz.