European Stocks Gain on Optimism Over Strait of Hormuz Reopening

European stocks saw a rise, continuing from Monday's record highs, driven by optimism surrounding the expected reopening of the Strait of Hormuz, which has eased fears of disrupted oil supply. This development has encouraged investors to take more risks, showing confidence in global economic stability. The Strait's reopening is crucial as it's a major shipping route for oil, and its temporary closure had sparked concerns about potential supply shortages and higher energy prices. This news underscores the interconnectedness of global trade and geopolitics.