European shares have reached a new high, according to recent reports. This development is attributed to various factors, including the potential for a peace deal between the US and Iran. Investors are also considering the possibility of the Strait of Hormuz reopening.

Further details about this situation are available from the source. The reports indicate that investors are assessing these prospects and their impact on the market. The source of this information is the Galveston County Daily News, which provides more information on this topic.