European airline and luxury shares gain, oil stocks fall on US-Iran deal

European airline and luxury shares experienced gains following a US-Iran peace deal. Similarly, UK miners and airline stocks rose as the agreement drove oil prices to a two-month low. Conversely, oil stocks fell in response to these developments. The market reaction highlights a positive trend for travel and luxury sectors and mining companies, while the energy sector faced declines due to the impact of the diplomatic resolution between the US and Iran on global oil prices.