India, Sept. 23 -- European stocks are likely to open higher on Wednesday as investors keep a close eye on developments between the U.S. and Iran, and look forward to a crucial U.S.-China summit on Thursday, which could lead to new trade agreements amid escalating competition and restrictions on advanced technologies.

Meanwhile, U.S. President Donald Trump has expressed support for a possible ban on diesel exports to address the issue of escalating energy costs, sparking debate among U.S. officials and energy experts about economic and global impacts.

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