Iranian news agency Tasnim reported that Tehran had suspended dialogue with mediators in protest against Israel’s expanding Lebanon offensive.

Oil prices jumped and equities struggled on Monday as Middle East peace talks stumbled and tensions mounted between Iran and the United States.Crude futures shot around seven…

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.

Welcome back to the City AM liveblog - for your top news, updates and analysis from the FTSE 100 and other UK markets.

TORONTO - Canada's main stock index was down more than 100 points in late-morning trading and the price of oil climbed higher as the ceasefire between Iran and the U.S.

Iranian news agency Tasnim reported that Tehran had suspended dialogue with mediators in protest against Israel’s expanding Lebanon offensive.

Welcome back to the City AM liveblog - for all your top news, updates and analysis from the FTSE 100 and other UK markets.

Events in the Middle East continue to dictate the mood in the markets.

Good morning and welcome back to the City AM liveblog - for all your top news, updates and analysis from the FTSE 100 and other UK markets.

The FTSE 100 closed down 41.21 points, or 0.4%, at 10,332.30.

Tensions between Iran and the U.S. on Wednesday sent Asian stocks lower overnight, and European equity markets look set to follow suit.