India, June 12 -- European stocks may open on a firm note on Friday after U.S. President Donald Trump cancelled a third consecutive day of strikes on Iran, claiming that a peace deal with Tehran is close to being finalized.
Trump said an agreement to end the war with Iran had been reached and would be signed shortly, possibly in Europe this weekend with Vice President JD Vance attending on his behalf.
Trump also said the Strait of Hormuz would officially reopen once the deal was signed and that Iran will never have a nuclear weapon.
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