With a positive sign and a new high 17-year-old begins the first meeting of the week in Athens Exchange Catalyst the US-Iran agreement, which – once implemented with no surprises – provides both the end of the war in the Middle East, and the restart of the shipping traffic in the Straits of Hormuz.
In particular, the General Price Index was boosted by 2.04% to 2,471.20 units, although it was later stabilised close to 1.7%. In European markets the rise was only 1%, but it fully covered the casualties caused by the war in the Middle East.
In particular, historically high European stock exchanges record, with the general European index STOXX Europe 600 at 640.94 points.
The most important factor that boosts investor optimism is the long-awaited opening of the Strait of Hormuz, while the wider travel and leisure sector, which notes new historical high, appears, as the reduction of energy pressures boosts expectations of stronger demand.
Retreat to Brent
On the other hand, the deal between US and Iran «He shot» the price of Brent oil by almost 5%.
Future fulfilment contracts for American crude oil for July delivery retreated below $80 per barrel for the first time since March in the first transactions in Europe.
Brent's future fulfillment contracts, the international reference point, for August delivery negotiated about 5.07% below $82.90.
«Agreement with Islamic Republic of Iran has now been concluded», Donald Trump stated in a post on Truth Social. Ormuz will open without a toll system and the US will end Iran's naval blockade, the president said.
«Ships of the World, start your engines», Trump said. Let the oil flow!»
«With the opening of the Strait at the signing of the Agreement on Friday, for purposes of mine removal, oil will flow again from both ends for the region and the world!»He said.
