Negotiations between Iran and the US are reportedly nearing a resolution, potentially ending the ongoing conflict. A deal could be signed as early as Friday in Switzerland, with the possibility of reopening the Strait of Hormuz on the same day. This positive development has already impacted global oil prices, which have fallen to approximately $80 per barrel. European stock markets are anticipating a positive opening, buoyed by the prospect of de-escalation in the region. The potential agreement signals a shift in geopolitical tensions and a possible increase in oil supply. Analysts suggest the market reaction reflects investor relief and a reduced risk premium. Further details of the agreement are expected following the official signing.