(RTTNews) - German stocks climbed higher on Friday, buoyed by weak oil prices and lower bond yields amid renewed hopes of the reopening of the Strait of Hormuz within seven days. Brent crude futures front-month contract fell to a low of $104.51 a barrel before edging up to $105.24, down 1.4% from previous close. According to reports, Washington Post has quoted Iranian Foreign Minister Abbas Araghchi as saying on the sidelines of the UN General Assembly session in New York that Iran has submitted a proposal to U.S. officials through mediators this week to end the Middle East war. Despite differences over Iran, Taiwan and trade, Trump described the meeting as "great" and hailed the "truly great friendship" he has forged with his counterpart.
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