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European stocks rise on US-Iran deal

European stocks rise on US-Iran deal

European stocks rose significantly after an agreement was reached between the United States and Iran, which included reopening the Strait of Hormuz to navigation without tolls. This development boosted investor confidence and alleviated concerns over global energy supplies. The Stoxx 600 index increased by 1.07%, with notable gains in the automotive sector (3.7%) and construction (3.2%). Meanwhile, the German DAX and the French CAC 40 indexes rose by 1.78% and 1.56%, respectively.

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