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European Stocks Rally on Energy Gains as Oil Prices Spike Amid U.S.-Iran Tensions

European equities recovered from early weakness to finish higher Monday, driven by surging energy stocks as crude prices climbed on geopolitical concerns. The Stoxx 600 gained 0.3%, with bourses in London, Paris and Frankfurt all posting gains. Energy shares jumped 2% as Brent crude for July delivery rose 1.3% and WTI futures for June advanced 1.4%. The moves followed diplomatic tensions between Washington and Tehran, prompting investors to reassess fuel exposure. Budget carrier Ryanair bucked broader trends, surging 5% after reporting full-year after-tax profit of €2.7 billion, a 40% increase. The airline hedged 80% of summer fuel costs and prepared for an "Armageddon situation" amid oil volatility. Bond markets sold off sharply, with 10-year gilt yields climbing to near 15-month highs as G7 finance ministers convene in Paris.