European stocks closed higher Thursday as investor sentiment improved on the back of easing U.S.-Iran tensions.

The pan-European Stoxx 600 gained around 0.3% higher at the closing bell, with tech and telecoms stocks adding more than 1% while basic resources slid 0.8%.

It comes after comments from President Donald Trump which served to cool panic over rising tensions in the Middle East. Trump said Wednesday that Tehran “appears to be standing down” following missile strikes on Iraq airbases housing U.S. troops in retaliation to the killing of Iran’s top military general, Qasem Soleimani.

Source: CNBC