European Stocks Rise Slightly as U.S.–Iran Talks Stall
European stock markets posted modest gains on Monday as investors evaluated the ongoing deadlock between the United States and Iran. The lack of progress in negotiations suggests that disruptions to critical global oil supply routes are likely to continue.
Major European Indices Performance
As of 08:19 ET (12:19 GMT), the pan-European STOXX Europe 600 advanced by 0.3%. In the UK, the FTSE 100 remained flat, while Germany’s DAX gained 0.7%. France’s CAC 40 also moved higher, rising 0.4%.
U.S.–Iran Tensions Continue to Weigh on Markets
Over the weekend, Donald Trump canceled a planned diplomatic mission to Pakistan aimed at restarting negotiations with Iran. He indicated that Tehran could initiate contact directly, emphasizing the strong negotiating position of the United States.
The ongoing stalemate points to a continued disruption of shipping through the Strait of Hormuz, a key route that handles roughly one-fifth of global oil supply. Despite a fragile ceasefire, both sides appear to be maintaining restrictions in the region.
Iran Proposal Offers Glimmer of Hope
According to reports, Iran has presented a new proposal to the U.S., which includes reopening the Strait of Hormuz, ending hostilities, and postponing discussions related to its nuclear program. While this development has raised some optimism, uncertainty remains over whether the proposal will be accepted.
Corporate Movers: Nordex and Forvia in Focus
Among individual stocks, Nordex surged more than 9% in early trading after reporting stronger-than-expected first-quarter underlying earnings.
Meanwhile, Forvia announced plans to sell its interiors division to Apollo Global Management for €1.82 billion. Shares of the French automotive supplier climbed over 3% following the news.
