European Stocks Close Higher on Reports of US Considering Temporary Waiver on Iran Oil Sanctions
European stock markets saw gains as investor sentiment was boosted by reports that the United States is considering a temporary waiver of sanctions on Iranian oil. This development raised hopes for an easing of tensions in the Middle East, leading to a rally in major European indices including the FTSE 100, DAX, and CAC 40.
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- 📰 Published: May 19, 2026 at 02:12
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(CNA, London, 18th, Comprehensive Foreign Report) Earlier media reports indicated that the United States is considering a temporary waiver on its oil sanctions against Iran, boosting investor hopes for an easing of tensions in the Middle East. As a result, major European stock indices closed higher today. The London FTSE 100 index climbed 128.38 points, or 1.26%, to close at 10323.75. The Frankfurt DAX index surged 357.35 points, or 1.49%, to 24307.92. The Paris CAC 40 index rose slightly by 34.94 points, or 0.44%, to end at 7987.49. (Translator: Chen Yen-chun) 1150519