DAX Rises Nearly 1 . 25 % On U . S .- Iran Peace Deal Hopes
German stocks rose Monday morning as optimism grew over a potential U.S.-Iran peace deal that could reopen the Strait of Hormuz. The IRGC said 33 commercial vehicles and oil tankers transited the strait in the past 24 hours. Oil fell; Brent was $98.37/bbl (-5%). The DAX gained 1.23% to 25,229.84.