Markets in Asia and Europe move higher, while crude hovers at about $100 a barrel amid cautious optimism
Business live – latest updates
The price of oil has dipped and Asian stock markets moved higher after reports that Donald Trump has sent a 15-point framework for peace to Iran, amid hopes of a ceasefire in the Middle East.
Oil prices had fallen by 4% in the early hours of Wednesday, with brent crude futures sinking below $100 a barrel and even moving as low as $97.57 as trading was influenced by the prospect of an end to the conflict easing the squeeze on oil supply.
Stock markets in Asia also moved higher in morning trading. Japan’s Nikkei rose by 2.9%, while the S&P BSE Sensex in India was almost 2% higher and Hong Kong’s Hang Seng was just under 1% up.
