The FTSE 100 closed up 74.58 points, or 0.7%, at 10,437.85.
Oil prices fall on US-Iran nuclear talks; mediators confirm roadmap for agreement within 60 days, supporting Hormuz reopening. Geopolitical de-escalation and lower energy costs ease inflation, reducing data center capex and supporting enterprise IT budget stability.
The FTSE 100 closed down 36.43 points, 0.4%, at 10,363.27.
Sterling was up 0.05% at 1.324 US dollars in morning trading, having been around 0.3% lower shortly before the PM’s speech.
Oil prices fell Monday on optimism over talks by the US and Iran after mediators flagged a "roadmap" to a final agreement, while major stock markets traded mixed.