Oil prices fell sharply as European markets rallied on de-escalation in the Strait of Hormuz, while Disney's stable theme parks show resilience.
France's CAC 40 and Germany's DAX rallied on Wednesday as geopolitical tensions eased, with all sectors except oil and gas closing higher.
France's CAC 40 and Germany's DAX gained 2.9% and 2.2% as markets rose broadly, except oil and gas stocks.