European pan‑market Stoxx 600 rose 0.1% early Tuesday, with CAC 40 +0.5% and FTSE 100 +0.2% after holiday.
President Trump warned Iran of “100‑year” rebuild time if its deadline‑driven ceasefire proposal is rejected, heightening geopolitical risk.
Brent crude jumped 1.4% to $111.28 per barrel and WTI rose 2.1% to $114.74, pressuring inflation.
ING analysts said market focus will be on cease‑fire outcome and whether energy prices can avoid another sharp rise.