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European stocks face mixed open as geopolitical tensions ease on Iran developments

European equities are poised for a cautious Tuesday open as traders digest shifting Middle East dynamics. President Trump announced postponement of a scheduled military operation against Iran after intervention from Qatar, Saudi Arabia and the United Arab Emirates. Oil markets declined overnight following the announcement, with Brent crude futures for July delivery and West Texas Intermediate June contracts both falling. Russian President Vladimir Putin prepares for a two-day Beijing summit with Chinese counterpart Xi Jinping on May 19-20. G7 finance ministers concluded their Paris meeting on Tuesday, with discussions focused on mitigating potential economic fallout from Middle East developments. Germany's DAX and France's CAC 40 entered the session flat. Traders are assessing the geopolitical landscape as these diplomatic developments unfold.