India, May 29 -- European markets closed mixed on Friday, struggling to find support past mid-afternoon. The mood remained cautious with investors assessing the prospects of a U.S.-Iran peace deal after the two nations agreed in principle to extend the ceasefire by sixty days.
The agreement would purportedly facilitate the reopening of the Strait of Hormuz and enable fresh negotiations over Iran's nuclear program, although President Donald Trump has yet to sign off on the deal.
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