European stock markets opened on a positive note on Monday, with the pan-European STOXX 600 index climbing to 628.93 points, marking its highest level in over two months. This surge is attributed to optimism regarding ongoing peace negotiations between Iran and the United States, which have eased fears of inflation and a global economic downturn. Most sectors experienced gains, particularly banking, which rose by 1.7%, and airlines, with Lufthansa and Air France KLM increasing by 4.2% and 9%, respectively, as Brent crude prices dropped by 5% to $98 per barrel. While U.S. President Donald Trump expressed caution about finalizing a deal with Iran, investors are encouraged by reports of a memorandum of understanding aimed at reopening the vital Strait of Hormuz, through which a significant portion of the world's oil supply passes. However, uncertainties remain regarding Iran's nuclear program. Additionally, Delivery Hero's stock jumped by 12% following news that Uber's board discussed raising its offer for the food delivery company, which had been previously rejected by a major shareholder.