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European Stocks Set Flat Open as Oil Prices Retreat on Iran Negotiations

European equity markets are poised for a muted Thursday open as traders weigh geopolitical developments and softer crude valuations. The FTSE, DAX and CAC 40 are expected to open near unchanged levels, with Italy's FTSE MIB slightly higher. Negotiations between Washington and Tehran have advanced to final stages, with U.S. President Donald Trump citing progress in diplomatic talks. That development triggered a significant pullback in energy futures overnight. West Texas Intermediate crude fell below $100 per barrel, closing at $98 following a 5% decline. Brent benchmark futures similarly dropped more than 5% to settle at $105. Earlier in the week, Trump postponed military operations against Iran at the behest of Gulf Arab allies, underscoring diplomatic momentum. European earnings reports from Generali and BT Group are scheduled for Thursday.