European stocks close higher despite Iran tensions oil below hundred dollars

European markets closed marginally higher on Wednesday, supported by oil prices falling below $100 per barrel and gains in the automotive sector.

The Stoxx Europe 600 index rose 0.1%, while the Paris, Frankfurt, and London stock exchanges recorded mixed gains, amid continuing military tensions with Iran and cautious optimism regarding the trajectory of negotiations.

Dutch company AkzoNobel's shares also jumped 20% after rejecting a joint takeover bid.