Trump says negotiations with Iran are "fruitful," European airline stocks rebound

Investing.com - European airline stocks reversed after a sharp decline on Monday, following U.S. President Donald Trump’s announcement of “productive” talks with Iran aimed at resolving current conflicts.

Trump stated that after “very good and productive” discussions over the past two days, the U.S. military has been ordered to delay strikes in the Gulf region. These talks aim for a “comprehensive and thorough resolution” to the conflict.

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The president said he has instructed the Department of Defense to “delay any and all military strikes on Iranian power plants and energy infrastructure for five days, depending on the success of ongoing meetings and discussions,” which will continue throughout this week.

Engine manufacturer Rolls-Royce Holdings (LSE:RR) shares rose over 3%, while British Airways parent company International Airlines Group (LSE:IAG) increased 4.7%. easyJet (LSE:EZJ) gained 2.7%, and Wizz Air Holdings (AIM:WIZZ) rose 5.5%.

Additionally, Trump told Fox Business that Iran is very eager to reach an agreement, which could happen within five days or sooner.

However, Iran’s Fars News Agency quoted a source saying there has been no direct or indirect communication with the U.S. According to Tasnim News Agency, a senior security official described Trump’s remarks as “psychological warfare.”

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