Global Market: European shares rise as easing Iran tensions lift sentiment; energy stocks slide

The price of oil has drifted lower after Donald Trump called off strikes on Iran but progress towards a finalised peace deal continues to stall as the President clashes with Iran’s leadership. Brent crude – the international benchmark for oil prices – tumbled over five per cent…

According to Reuters, investor sentiment improved after Trump signalled a preference for diplomacy over immediate military action against Iran. The development triggered a sharp decline in crude oil prices, with oil futures falling nearly 5.9% on expectations that tensions in…