European shares inched higher on Tuesday as falling oil prices helped ease worries about inflation and the outlook for interest rates.
Brent crude futures held near $82 a barrel after reports suggested that U.S. President Trump may release a preliminary deal to end the war with Iran before Friday.
The specific terms of the deal remain unclear, but Trump said the Strait of Hormuz could reopen as soon as Friday.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.