European equities rally as investors hope for Iran de-escalation

• European stock markets, including the STOXX 600, CAC 40, and FTSE 100, are rallying strongly at the open.
• The positive market sentiment is attributed to hopes of de-escalation in the Iran conflict following President Trump's remarks.
• Oil prices (Brent and WTI Crude) have fallen significantly, dropping below $100/barrel, and oil majors like BP, Shell, and TotalEnergies are seeing declines.

European stock markets are experiencing a significant rally, with the STOXX 600 opening almost 1% higher, driven by investor optimism over potential de-escalation in the Iran conflict. President Trump's comments about leaving Iran in '2-3 weeks' and a scheduled national address have spurred hopes, leading to a broad rise in equities and a sharp decline in oil prices.