European stocks extend gains, oil falls on US-Iran deal
European stock markets extended gains and oil prices fell further on Tuesday, buoyed by the U.S.-Iran peace deal and the expected reopening of shipping through the Strait of Hormuz.
London, Paris and Frankfurt stock markets all climbed around 0.5 percent in midday deals, after a mixed session in Asia.
"Although the deal has not been formally signed, there already appears to be a peace dividend for markets," said Kathleen Brooks, research director at trading group XTB.
"We are seeing European markets play catch-up with the U.S., and this could continue, as some European indices remain below their pre-war levels," including London's FTSE 100 index, she added.
