The AEX index is climbing toward the 1100-point level on Monday morning, driven by a sudden shift in geopolitical risk premiums following reports that the United States and Iran have reached a peace agreement.
The potential deal would normalize shipping traffic through the Strait of Hormuz, a critical chokepoint for global energy supplies that has been a source of significant market volatility.
The prospect of reopening the Strait has triggered a sharp reversal in European energy and industrial stocks.
Equinor and other Oslo Børs equities, which had been selling off heavily earlier in the session on fears of prolonged supply disruptions, are now recovering their losses.
The market is rapidly repricing the risk premium that had been baked into energy and shipping valuations over recent weeks.
This development marks a significant de-escalation in a region that has been a focal point for geopolitical tension.