DAX Rebounds as Oil Weakens; Markets Await Trump's UN Address

German stocks reversed early losses to trade firmly higher by midday Tuesday, buoyed by continued weakness in oil prices amid prospects Iran will reopen the Strait of Hormuz. The DAX recovered from a soft open as easing crude prices lifted market sentiment. Investors are also monitoring President Trump's upcoming address to the United Nations for potential geopolitical signals affecting energy and trade. Oil's decline has provided relief to import-dependent European economies, though the reopening timeline for the Strait of Hormuz remains uncertain. Trading volumes reflected cautious positioning ahead of the UN speech.