European Stocks Gain on Iran-US Deal, Close Off Record High

Wall Street experienced a significant surge, with the Dow reaching an intraday record high following a preliminary US-Iran agreement aimed at reducing Middle Eastern tensions. Similarly, European stocks closed modestly higher on Monday. Although European markets ceded most of their earlier gains sparked by the interim deal to reopen the Strait of Hormuz, the overall sentiment remained positive across global exchanges as investors reacted to the breakthrough between the US and Iran regarding regional stability.