European Markets Rise - Oil Falls Against Backdrop of Diplomatic Progress with Iran

European stock exchanges opened Friday with gains, while oil prices declined following reports of possible progress in negotiations between the US and Iran.

According to data, the broad European market index STOXX Europe 600 rose 0.2%. Germany's DAX strengthened 0.1%, France's CAC 40 gained 0.5%, while the UK's FTSE 100 remained virtually unchanged.

Market sentiment improved on reports that the US and Iran could extend a ceasefire regime by 60 days, which still requires final approval from President Donald Trump.

According to circulated information, the agreement also envisions a partial restoration of maritime shipping through the Strait of Hormuz, while the parties work on details of a broader agreement, including matters related to Iran's nuclear program.

The Strait of Hormuz, through which approximately one-fifth of global oil passes, remained one of the main geopolitical risks of the conflict. Restricted transit flows in recent months have reduced global energy supplies and significantly raised oil prices.

In the oil market, the Brent Crude benchmark fell 1.3% and settled at $92.54 per barrel. Despite the decline, the price still significantly exceeds pre-war levels.

Analysts note that volatility in energy prices remains a key factor in inflation expectations and central banks' future policy decisions.