Global Market: European shares pause after rally, doubts linger over Iran peace deal

European shares paused after a recent rally amid lingering doubts over an Iran peace deal, with the technology sector trading flat. Traders anticipate the US Federal Reserve and European Central Bank to each raise interest rates by at least 25 basis points later this year, according to LSEG data. Oil prices have retreated to pre-Iran war levels, though concerns about lingering price pressures persist.