German stocks climbed notably higher Monday morning amid rising optimism about a potential U.S.-Iran peace deal that could result in the reopening of the Strait of Hormuz.
According to a statement released on Sunday, the Islamic Revolutionary Guard Corps (IRGC) announced that 33 commercial vehicles and oil tankers passed through the Strait of Hormuz over the past 24 hours under the coordination and security supervision of the IRGC Navy.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.