European shares have started the month of August on a positive note. This upward trend is reportedly linked to hopes of diplomatic progress between the US and Iran. Details of the situation are available from Reuters, which reported on the development on August 3.

According to the report, European shares edged higher on Monday. Further information on the topic can be found through the original source, which may provide additional context and insights into the current state of European shares and the factors influencing their performance.