European shares inch higher as easing oil prices lift sentiment

European shares edged higher after kicking off the week on the back foot, as reports of US-Iran mediation efforts push oil prices lower, while investors assess a fresh batch of corporate earnings.

Oil prices ease from one-month highs after reports of diplomatic efforts between the United States and Iran. However, concerns over energy supply disruption linger after Yemen’s Iran-aligned Houthis announced a blockade of Saudi Arabia on Monday.

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