Russian equity markets closed sharply higher on Monday, with the ruble-denominated MOEX Index climbing 2.84% to finish at 2,350.43 points.

The dollar-denominated RTS Index also advanced, gaining 1.92% to close at 952.28 points, according to TASS.

3% to 24,956 points. That move was largely driven by reports of a framework agreement between the United States and Iran, which helped ease geopolitical tensions and support risk assets globally.

The divergence between the two benchmarks suggests a modest strengthening of the ruble against the dollar during the session, as the local-currency index outperformed its USD-hedged counterpart.

The rally aligns with a broader positive risk sentiment observed across global markets on Monday.

European equities posted solid gains in parallel, with the German DAX rising 1.3% to 24,956 points.

That move was largely driven by reports of a framework agreement between the United States and Iran, which helped ease geopolitical tensions and support risk assets globally.