European stock markets rose as the resumption of operations at a major oil hub in the United Arab Emirates alleviated concerns about energy supply disruptions. The Stoxx Europe 600 index climbed 0.4%, having fallen as much as 0.5% earlier in the session. Brent crude relinquished its gains, trading around $102 per barrel, after the UAE's Fujairah oil terminal restarted following a suspension due to a drone attack. Additionally, International Energy Agency Executive Director Fatih Birol stated that the agency could release more oil stocks if necessary.

Stock markets in the Middle East had just experienced their first back-to-back weekly declines this year, driven by worries that the conflict in the region could last longer than anticipated. U.S. President Donald Trump has increased pressure on various nations to assist in reopening the Strait of Hormuz and mentioned that the U.S. is engaged in dialogue with Iran.

Stephan Kemper, Chief Investment Strategist at BNP Paribas Wealth Management, commented, "I believe Trump is under significant pressure to resolve this issue quickly." He added that three factors—missiles, markets, and midterm elections—would likely prevent prolonged military action against Iran.

In individual stock movements, UniCredit erased its earlier losses and turned positive, rising 0.5%, after the bank proposed a 35 billion euro ($40 billion) acquisition of Commerzbank. GN Store Nord AS surged 21% after the company agreed to sell its hearing aid business to Italy's Amplifon SpA for 17 billion Danish kroner ($2.6 billion).