Europe’s benchmark stock index rose to a record high on Monday as investors welcomed a preliminary US-Iran agreement that could end the war and reopen the Strait of Hormuz. The Stoxx Europe 600 moved beyond its previous peak as oil prices fell sharply, reducing fears that another energy shock would keep inflation high and force central banks to stay restrictive for longer. The pan-European indices were broadly higher on Monday with DAX up 462.76 points or 1.88%; CAC 40 at up 138.67 points or 1.6