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The Economic Times

Anupam Nagar

Global Market: European shares rise as easing Iran tensions lift sentiment; energy stocks slide

Iran Europe Oil Donald Trump Atkore crude oil the Middle East the Strait of Hormuz

European shares started August on a positive note on Monday, supported by easing geopolitical concerns after U.S. President Donald Trump said talks with Iran were scheduled later in the day, raising hopes of a diplomatic breakthrough that could help cool oil prices, Reuters reported.

The pan-European STOXX 600 index was up 0.4% at 651.88 by 7:09 GMT, with gains in travel and leisure stocks offsetting weakness in the energy sector.

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