FTSE MIB jumped to 51,900 on Monday, hitting a record high as risk appetite was boosted after the US and Iran reached a preliminary agreement to end the war. The deal includes the removal of the US blockade and the reopening of the Strait of Hormuz, with a memorandum expected to be signed in Switzerland later this week. Still, investors remain cautious as key details are unclear and questions over Iran’s nuclear program persist. The agreement triggered a sharp drop in oil prices, easing inflation concerns and reducing pressure on central banks to tighten monetary policy. Across the bourse, gains were broad-based, with heavyweight financials extending a rally that began last week on bidding-war speculation surrounding Banca Monte dei Paschi di Siena. UniCredit gained 1.7%, alongside Intesa Sanpaolo (+1.5%), Assicurazioni Generali (+1.7%), Banco BPM (+1.4%), Mediobanca (+1.2%), and BPER Banca (+1.8%). Meanwhile, oil major Eni shed 4%.