India, June 15 -- European stocks traded higher on Monday, extending gains from the previous session after U.S. President Donald Trump and Iranian leaders said a deal has been agreed to end more than 100 days of war. World leaders welcomed the emerging agreement and urged its swift implementation.

In remarks delivered during a monetary policy conference in Frankfurt, European Central Bank (ECB) Governing Council member Joachim Nagel stated that it will take months for global oil supply to normalize following recent disruptions.

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