European Stocks Rally Most in a Year on Hopes Conflict Will Ease

European stocks jumped the most in a year, recouping some of last month’s losses as hopes grew that the war in Iran is nearing an end.

The Stoxx Europe 600 Index climbed 2.5% by the close, tracking a rally across global stocks. All of the region’s sectors were in the green, except for energy, which slid after US President Donald Trump signaled the war could end within two or three weeks.