European shares rise on US-Iran diplomacy hopes, oil prices fall

European shares opened higher on Monday, driven by hopes of a diplomatic breakthrough between the U.S. and Iran, which led to a significant drop in oil prices. U.S. President Donald Trump announced that talks with Iran are scheduled for later in the day, easing geopolitical tensions. The pan-European STOXX 600 index gained 0.4% by 7:09 GMT, while energy stocks fell 2% as oil futures dropped approximately 5.9%.