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European Stocks Climb on US-Iran Ceasefire Extension Prospects

European equities notched their second consecutive monthly advance as market participants grew increasingly confident a prolonged ceasefire between the US and Iran will resolve the three-month conflict. Crude oil prices retreated on expectations that a 60-day extension of the truce could facilitate reopening of the Strait of Hormuz. Broader equity indices moved toward a historic streak of weekly gains driven by the diplomatic developments. Traders assessed that a sustained peace agreement would reduce geopolitical risk premiums in energy and shipping costs. The potential resolution carries significant implications for global supply chains and logistics operations dependent on Middle Eastern trade routes. Market participants weighed the economic benefits of renewed regional stability against remaining uncertainties surrounding final agreement terms.