Overview
- The CAC 40 rose 0.26% to 8,320.93 in mid‑morning trading as investors waited for concrete progress in talks between Washington and Tehran.
- Oil prices declined on expectations that diplomacy could reopen the Strait of Hormuz, a narrow channel that carries about one‑fifth of global oil shipments.
- Signals stayed mixed, with President Trump calling a deal with Iran "very possible" as Iran’s chief negotiator accused the United States of trying to force Tehran’s "surrender."
- Company results steered individual moves, with Legrand gaining after strong profit growth and 2026 targets, Bouygues slipping after a narrower quarterly loss, and Engie easing after it kept 2026 goals and reported limited Middle East impact.
- Analysts urged caution after recent false starts on ceasefire and shipping access, noting that headlines can quickly move oil prices and household energy costs across Europe.