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

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

The FTSE 100 has shrugged off fears of a resumption of hostilities in the Middle East, as a spike in oil prices sent energy and defensive stocks higher.