Paris stocks open higher despite oil price surge and US-Iran tensions

Paris stocks opened higher Monday despite rising oil prices and ongoing US-Iran tensions, with the Cac 40 gaining 0.3% in early trading. Brent crude jumped nearly 2% to $106.3 per barrel after President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, while US Treasury yields resumed climbing to 5.2% on the 10-year note. Wall Street futures fell 0.3% to 0.8%, though US-China trade talks showed progress with both sides beginning to quantify their recent détente, and Trump hinted discussions with Iran might resume this week.