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Europe close: Oil sinks, equities rally on Iran peace hopes

Published by Josh White on 6th May 2026

(Sharecast News) - European shares surged on Wednesday while oil prices plunged after Iran suggested the Strait of Hormuz could reopen and US president Donald Trump paused an operation to protect shipping through the key waterway amid signs of progress towards a peace deal.

URL: http://www.digitallook.com/dl/news/story/35914322/...

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