European stocks surge on Iran peace talk optimism. The pan-European Stoxx 600 index opened 0.7% higher Tuesday, with Germany's DAX up 1.1% and France's CAC 40 gaining 0.6%. Despite a U.S. military blockade of Iranian ports beginning Monday, oil prices fell overnight as reports indicate U.S.-Iran peace negotiations could resume in Islamabad this week. Vice President JD Vance stated that peace efforts now depend on Tehran following weekend talks. President Trump confirmed the U.S. has been contacted by Iran and indicated both sides seek a deal. In corporate news, pharmaceutical giant Novo Nordisk announced a partnership with OpenAI to accelerate drug development using AI analysis, with shares rising 2%. Luxury retailer LVMH continued declining, falling another 2% following Monday's disappointing earnings miss.
