Due to the ceasefire agreement reached between the United States and Iran, European airline and tourism stocks have risen.

European airlines and travel stocks rose in early trading as US President Trump agreed to a two-week ceasefire with Iran, pushing oil prices below $100 per barrel. Wizz Air, Air France, and EasyJet led the gains, rising by 15%, 14% and 12% respectively. The parent company of British Airways, IAG, rose by 9.2%, while Lufthansa, EasyJet, and Ryanair rose by 12%, 11% and 9.9% respectively. The stock price of Jet2, a travel company, rose by 7.7%. In early European trading, the June Brent crude oil contract fell by 15% to $92.90 per barrel, while the May WTI crude oil futures fell by 18% to $94.63 per barrel.