European Stocks Flirt With Record High on Hopes for US-Iran Deal (opens original article in a new tab)

European stocks approached record highs amid speculation about a potential US-Iran deal, with oil prices dropping and travel shares rising.

• European stocks rose near record highs due to speculation of a US-Iran deal
• Oil prices fell as traders anticipated the potential reopening of the Strait of Hormuz
• The Stoxx Europe 600 Index increased by 1.9% by the close of the week
• Travel and bank shares saw significant gains while energy sector declined