The renewed optimism after five months of blockage for Gulf oil and gas tankers bolstered stocks, with two of the three major Wall Street indices powering to fresh records. In Europe, the benchmark indexes in Paris and Milan closed at all-time highs, while both Frankfurt and Madrid extended records reached on Monday. "I'd expect the energy prices to settle back down, which, as I said, will be good for the entire world," he said. The disruptions to global energy supplies has sent oil prices soaring -- a boon for oil majors such as BP, whose profit more than doubled in the second quarter. Also on Tuesday, oil titan Saudi Aramco reported a 44 percent surge in net profits.