The Stoxx 600 index rose 0.35% on Tuesday, closing at 656.48 points, driven by a US sanctions package on Iran that market participants viewed as less severe than anticipated and by declining oil prices. Sector leaders included healthcare, which gained 1.

2% on strong results from Novo Nordisk, and industrials, which rose 1.1% following production updates from Melrose Industries. Iran has indicated it may retaliate against the new sanctions, though the extent of such measures remains unverified.