European markets closed Tuesday's session higher, with investors optimistic about the resumption of peace negotiations between the United States and Iran, despite the blockade imposed on Iranian ports. The pan-European STOXX Europe 600 index rose by nearly 1%, with most major markets finishing the session in the green. The CAC 40 index in Paris increased by 1.12%, the FTSE MIB in Milan by 1.36%, the DAX in Frankfurt by 1.23%, and the IBEX 35 in Madrid by 1.46%. The U.S. military has begun the blockade of Iranian ports, which could affect global oil supply, but oil prices have fallen due to signals of resumed negotiations. U.S. Vice President JD Vance stated that the progress of the negotiations depends on Tehran's decision. China criticized the American blockade, calling it dangerous. In the corporate sector, Novo Nordisk announced a partnership with OpenAI for the development of medical treatments, with the company's shares rising by 2.3%. Markets in the Asia-Pacific region also closed higher, and in the U.S., the S&P 500 index was up by about 1%.
Sources
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