European Stocks Edge Higher as UK Unveils Homebuyer Support Plan; Oil, Bond Yields Weigh

European equities closed modestly higher on Monday, September 28, 2026, as the UK government unveiled a new homebuyer support plan, offsetting pressure from rising oil prices and elevated bond yields. Sentiment remained cautious after U.S. President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end the war, keeping energy markets on edge. Gains were modest, with investors balancing fresh UK housing stimulus against geopolitical risk and sustained upward pressure on crude prices and government debt yields.