{"id":65350,"date":"2026-07-24T11:38:13","date_gmt":"2026-07-24T15:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/european-markets-rally-as-trump-claims-arms-assurances-from-russia-and-china\/65350\/"},"modified":"2026-07-24T11:38:13","modified_gmt":"2026-07-24T15:38:13","slug":"european-markets-rally-as-trump-claims-arms-assurances-from-russia-and-china","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/european-markets-rally-as-trump-claims-arms-assurances-from-russia-and-china\/65350\/","title":{"rendered":"European Markets Rally as Trump Claims Arms Assurances from Russia and China"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>European stock indices surged on Friday<\/strong>, with Spain&#39;s <strong>IBEX 35<\/strong> leading gains at <strong>1.63%<\/strong> and Germany&#39;s <strong>DAX<\/strong> rising <strong>1.33%<\/strong> amid stabilizing <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a>.<\/li>\n<li><strong>President Donald Trump<\/strong> announced that <strong>Xi Jinping<\/strong> and <strong>Vladimir Putin<\/strong> have pledged to halt weapons sales to <strong>Iran<\/strong>, providing a temporary reprieve to geopolitical anxieties.<\/li>\n<li><strong>Iranian lawmaker Ebrahim Azizi<\/strong> issued a sharp warning to the <strong>United Kingdom<\/strong>, claiming the &quot;Sykes-Picot era&quot; has passed and predicting the loss of the <strong>Diego Garcia<\/strong> military base.<\/li>\n<li><strong>Brent crude<\/strong> prices retreated below the <strong>$100 per barrel<\/strong> mark as markets reacted to the potential for de-escalation between Washington and Tehran.<\/li>\n<\/ul>\n<p>European equity markets finished the week on a strong note, rebounding from recent volatility as geopolitical tensions showed signs of stabilization. France&#39;s <strong>CAC 40<\/strong> (<a href=\"\/stock\/CAC40\">^FCHI<\/a>) climbed <strong>0.88%<\/strong>, while Britain&#39;s <strong>FTSE 100<\/strong> (<a href=\"\/stock\/FTSE100\">^FTSE<\/a>) added <strong>0.93%<\/strong>. The rally was particularly pronounced in Spain, where the <strong>IBEX 35<\/strong> (<a href=\"\/stock\/IBEX35\">^IBEX<\/a>) jumped <strong>1.63%<\/strong>, reflecting a broad <em>risk-on<\/em> sentiment across the continent.<\/p>\n<p>The market optimism followed comments from <strong>US President Donald Trump<\/strong>, who stated on Truth Social that he had received assurances from Chinese President <strong>Xi Jinping<\/strong> and Russian President <strong>Vladimir Putin<\/strong> regarding military support for <strong>Iran<\/strong>. Trump noted that both leaders promised not to sell weapons to the Islamic Republic, a move seen by analysts as a critical step in isolating Tehran&#39;s military capabilities during the ongoing regional conflict.<\/p>\n<p>Despite these diplomatic signals, rhetoric from Tehran remains combative. <strong>Ebrahim Azizi<\/strong>, head of the Iranian Parliament&#39;s National Security and Foreign Policy Commission, warned the <strong>United Kingdom<\/strong> that its support for US military operations would have long-term consequences. Azizi specifically targeted the strategic <strong>Diego Garcia<\/strong> base, suggesting that Britain\u2019s colonial-era influence is nearing its end and that Iran&#39;s retaliatory options are not limited to conventional military strikes.<\/p>\n<p>The warning comes as the <strong>United Kingdom<\/strong>, under Prime Minister <strong>Andy Burnham<\/strong>, continues to allow the US military to utilize British bases, including <strong>RAF Fairford<\/strong>, for long-range bomber sorties. These developments have kept energy markets on edge, though <strong>Brent crude<\/strong> futures fell roughly <strong>1.8%<\/strong> to settle near <strong>$98.92<\/strong> on Friday. Investors remain cautious as the <strong>US Department of the Treasury<\/strong> continues to expand sanctions against Iranian oil-shipping networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways European stock indices surged on Friday, with Spain&#39;s IBEX 35 leading gains at 1.63% and Germany&#39;s DAX rising [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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