Frankfurt's DAX 40 rose 0.7% to cross the 25,000 mark on Monday, the highest since late February, buoyed by signs that the US and Iran were moving closer to reach an agreement that could reopen the Strait of Hormuz. Trump said negotiations between the United States and Iran are “proceeding in an orderly and constructive manner,” and that both sides “must take their time and get it right, as there can be no mistakes.” This prompted a sharp decline in oil prices, easing concerns about inflation and a global economic slowdown.