FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period
FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period
Middle East crisis – live updates
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Oil prices rose sharply and European stock markets fell on Monday, after the US seizure of an Iranian vessel hit hopes for a peace deal.
Brent crude, the international benchmark for oil prices, rose by as much as 5% on Monday to $95.50 (£70.75) a barrel.
Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of…
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
Gas prices also increase, while global stock markets slip back after strong rally on Wednesday
Investors relieved by news of two-week ceasefire and temporary reopening of strait of Hormuz
It comes after prices surged on Monday and as the US is set to announce plans to deal with the rising cost of energy.
Oil prices jumped and global equities pulled back as markets grew increasingly concerned that the ceasefire between the U.S. and…
Oil prices surge amid mixed signals on US-Iran peace talks
