The DAX 40 pared gains to close marginally up at 24,910 on Tuesday, but still near a two-week high, marking the fourth session of advances. The prospect of a peace deal in Iran and the reopening of the Strait of Hormuz continued to support market sentiment. The memorandum of understanding is scheduled to be formally signed on Friday, leaving a 60-day window for negotiations toward a final agreement. Insurers and banks, as well as energy-sensitive industrials were among the top performers, while the tech sector and autos saw heavy pressure. GEA Group led gains, rising 5.1%, after Deutsche Bank raised its rating from Neutral to Buy. Munchener Ruck, Hannover Ruck and Allianz also advanced, gaining up to 1.3%, while Deutsche Bank and Commerzbank rose 0.6% and 0.3% respectively. Other top gainers included Qiagen NV, Deutsche Post, Siemens and Airbus. Onn the downside, automakers BMW and Mercedes-Benz Group dropped 5.2% and 2.8%, respectively, while Infineon Technologies shed 2.3%.