The Athens Stock Exchange posted gains as optimism surrounding potential diplomatic progress on the Strait of Hormuz bolstered investor sentiment.
Reports of possible agreements to reopen shipping routes through the critical chokepoint have eased supply-side anxieties that have weighed on global markets.
This external tailwind was reinforced by a flurry of corporate announcements from listed Greek firms, providing additional fuel for the rally.
The positive shift in geopolitical risk perception has directly benefited the energy sector, which had previously faced pressure from shipping disruptions.
Traders are repricing the risk premium associated with Middle Eastern tensions, leading to a broader market recovery.
The Athens benchmark index benefited from this improved outlook, with energy stocks leading the charge alongside other sectors responding to the calmer geopolitical environment.