European stocks hit a two-month high, boosted by progress in US-Iran talks

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汇通财经2026/05/25 08:40

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The pan-European Stoxx 600 index rose by 1.35%, trading just below the record high it reached before the outbreak of the Middle East conflict at the end of February. The banking sector climbed 1.7%. Lufthansa rose 4.06% and Air France-KLM gained 7.5%. Brent crude oil fell below $100 per barrel.
Although the US President warned that there was no rush to finalize a deal with Iran, investors seem more inclined to believe his statement on Saturday that Washington and Tehran have “extensively negotiated” a memorandum of understanding for a peace agreement that would reopen the Strait of Hormuz.
One fifth of the world’s crude oil and natural gas is transported through the Strait of Hormuz, which is also a key maritime route for energy-dependent Europe. Previously, concerns over rising oil prices increasing regional inflationary pressure caused the Stoxx 600 index to underperform compared to other global stock indices.
As for individual stocks, Delivery Hero rose 9.55%. It was previously reported that Uber’s board held a meeting on Saturday to discuss reviving its takeover bid for the German food delivery group, after a previous offer valuing the company at over 11.5 billion euros was rejected by a major shareholder.
Trading activity is expected to be relatively light as the US and UK markets are closed for holidays.

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European stocks hit a two-month high, boosted by progress in US-Iran talks

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