European stocks surge on U.S.-Iran ceasefire deal

European markets surge as U.S. President Donald Trump steps back from the brink, agreeing on a two-week ceasefire deal with Iran, subject to Iran unblocking the Strait of Hormuz. Construction & materials and financial services lead early gains in the European session, with oil & gas stocks tumbling.

Apr 8, 2026 - 12:00
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European stocks surge on U.S.-Iran ceasefire deal
European markets surge as U.S. President Donald Trump steps back from the brink, agreeing on a two-week ceasefire deal with Iran, subject to Iran unblocking the Strait of Hormuz. Construction & materials and financial services lead early gains in the European session, with oil & gas stocks tumbling.

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