European stocks advanced on Monday as a decline in oil prices eased inflation concerns and bond-market pressures. The Stoxx Europe 600 rose 0.3% as of 8:17 a.m. in London, with trading volumes remaining subdued in the final week of August.

Brent crude traded around $91 a barrel, down from Friday's high of $95, after fresh US pressure on Iran stopped short of material new measures. The pullback in energy costs provided relief to markets that have been weighed down by recent inflation worries.

Siemens Energy was among the notable gainers, contributing to the broader market advance. The move reflects investor optimism that lower commodity prices may help central banks maintain current policy stances without further aggressive tightening.