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The Independent UK
The Independent UK
National
Holly Williams

FTSE 100 rebounds as talks bring hope of de-escalation in US-Iran war

United States Iran
  • London's FTSE 100 Index reversed early session falls after US President Donald Trump said America would pause strikes against Iran energy and power infrastructure for five days amid talks to end the conflict.
  • Brent crude oil prices also swiftly fell by up to 10%, settling around 8% lower at just under $104 a barrel.
  • In financial markets, the UK's blue chip share index swung from more than 2.3% lower at one stage to stand 0.7% higher, up 67.7 points at 9986.
  • The market optimism stems from the potential for an end to the conflict and the reopening of the Strait of Hormuz, a crucial global oil shipping route.
  • Despite the rally, experts remain cautious, highlighting unanswered questions regarding the Strait of Hormuz and the broader de-escalation of tensions between the US and Iran.

IN FULL

Oil prices retreat and markets pull out of nosedive on US-Iran talk hopes

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