European stocks are poised to open higher on Monday as easing US-Iran tensions send oil prices sharply lower, helping to calm inflation and interest-rate concerns. Brent crude futures slumped more than 5 percent toward $83 a barrel after President Donald Trump called off a planned large-scale military strike on Iran and said an agreement was close, signaling renewed diplomatic momentum. Peace talks are set to resume today, with Iranian President Masoud Pezeshkian calling the memorandum of understanding with the US a cornerstone of future foreign relations, while Iranian Foreign Minister Abbas Araghchi said negotiations with Oman over the Strait of Hormuz are in their final stages. The yen surged against the dollar after Japan and the United States conducted coordinated yen-buying intervention and vowed they will not hesitate to take further action. US stock futures ticked higher ahead of a big earnings week, and gold traded higher at $4,070 an ounce amid easing inflationary concerns.