The FTSE MIB edged above 53,700 on Tuesday, hovering near record levels, as markets largely shrugged off another rise in oil prices amid growing uncertainty over prospects for a US-Iran deal. Energy-related shares outperformed, with oil major Eni advancing more than 2%, while oilfield services firm Saipem gained 0.8% and Tenaris, a steel pipe supplier to the petroleum industry, rose 1.4%. Technology-related stocks STMicroelectronics and Prysmian also gained, climbing 0.3% and 0.7%, as the tech sector drew support from news that Intel raised $20 billion through an upsized share sale, while Nvidia announced plans to secure $500 billion in financing for AI infrastructure. Luxury stocks Moncler (+0.8%) and Brunello Cucinelli (+1.4%) also traded higher.