European equity indices rallied 2‑2.9% on Wednesday, led by Stoxx 600 (+2.2%), DAX (+2.1%), CAC 40 (+2.9%) and FTSE 100 (+2.2%).
Brent crude dropped 6.3% to $102.91/barrel after Trump halted “Project Freedom” to unblock the Strait of Hormuz.
Trump said strait would be “open to all” if Iran meets U.S. demands, with deal including nuclear moratorium and sanctions lift.
Individual stocks rose: Novo Nordisk surged on revenue and profit, Diageo climbed on World Cup demand, BMW gained, Equinor fell after results.