European Shares Poised to Open Higher on Iran Peace Deal Hopes

European equities pointed to a higher open on May 27, 2026, as increasing prospects of a nuclear peace deal between Iran and global powers boosted risk appetite and sent oil prices lower. Futures for the Euro Stoxx 50 rose 0.8%, while contracts on the UK’s FTSE 100 added 0.5%, signaling a relief rally after weeks of geopolitical tension. Brent crude futures fell 2.3% to $64.80 a barrel, lifting shares of airlines and transportation companies that benefit from lower fuel costs. The potential agreement, which could lift sanctions on Iranian oil exports, eased supply disruption fears that had rattled markets. Analysts cautioned that while a deal would remove a key risk premium, the rally’s sustainability depends on formal ratification and compliance verification. Trading volumes were expected to remain thin ahead of U.S. durable goods data later in the session.