Market Report - Europe

Europe midday: Shares soar, oil plunges as Iran hints Hormuz strait could open

By Frank Prenesti

Date: Wednesday 06 May 2026

(Sharecast News) - European shares powered ahead and oil prices plunged below $100 a barrel on Wednesday following a report that Iran suggested the Strait of Hormuz could reopen after US President Donald Trump paused an operation to protect ships in the waterway amid "great progress" on a on a peace...

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