PARIS/LONDON/ZURICH (dpa-AFX) – The framework agreement between the USA and Iran to resolve the war drove the EuroStoxx 50 on Monday. The leading Eurozone index jumped to a record high at the start of trading before the momentum waned slightly again. In the end there was an increase of 0.68 percent to 6,229.43 points.
The British FTSE 100 was unable to maintain its gains and closed 0.39 percent in the red at 10,430.62 points. In Zurich, the SMI closed slightly higher at 13,717.54 points.
After weeks of negotiations, the USA and Iran have agreed on an agreement, but not much is known about its contents. A key controversial issue until the end was the opening of the Strait of Hormuz.
Iran is said to have given in here and promised to open the strait after the signing. In return, US President Donald Trump said he ordered the US naval blockade of Iranian ports to be lifted immediately. This fulfilled one of the Iranians’ main demands while the US waits for the Strait of Hormuz to open. There may also be a risk of a fee model for crossing the strait./la/men