India, Sept. 11 -- European stocks traded higher on Friday as oil prices fell from recent highs and data showed the U.K. economy expanded at a faster pace in July, driven by services and industrial production.
Brent crude futures fell more than 3 percent to trade below $104 a barrel after the Financial Times reported that Iran and Oman were meeting with Gulf states to reopen shipping through the Strait of Hormuz.
It was said that Gulf foreign ministers plan to meet their Iranian counterpart in the Omani coastal city of Salalah this coming Monday to secure a deal to manage commercial shipping through Hormuz.
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