European shares edged higher as easing oil prices offered some relief, though stalled US-Iran peace efforts and Strait of Hormuz disruptions capped gains. The STOXX 600 rose 0.2%, while the FTSE 100 slipped 0.3% despite stronger-than-expected UK economic growth.

European shares were broadly flat on Monday as uncertainty over the Strait of Hormuz kept oil prices elevated. Investors awaited key economic data and monetary-policy signals,…

The STOXX 600 hit a record 656.86 as European markets defied stagflation warnings tied to the Iran war, driven by falling oil prices and strong