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July 21 (Reuters) - European shares edged higher on Tuesday

as reports of U.S.-Iran mediation efforts pushed oil prices

lower, while investors assessed a fresh batch of corporate

earnings.

The pan-European STOXX 600 index rose 0.3% to

641.39 points by 0704 GMT.

Oil prices eased from one-month highs after reports of

diplomatic efforts between the United States and Iran, though

concerns over energy supply disruption cushioned losses. Yemen's

Iran-aligned Houthis announced a blockade of Saudi Arabia on

Monday.

Earnings from major technology companies such as Alphabet

in the U.S. will be on watch this week for clues on

the sustainability of AI-related demand and whether their lofty

valuations can be justified.

Technology stocks rose 1.4%, led by ASMI

and ASML, which gained 2.5% and 3%, respectively.

Miners climbed 1.4% tracking an uptick in copper and

gold prices.

However, investor focus turned to quarterly earnings in the

region to gauge the impact from the conflict on corporates.

Julius Baer shares dipped 2% despite the Swiss bank

reporting stronger-than-expected first-half net new money

inflows.