Oil prices rise and markets fall after US ship seizure hits Iran peace deal hopes
FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period Business live – latest updates 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.
FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period
Middle East crisis – live updates
Business live – latest updates
Oil prices rose sharply and European stock markets fell on Monday after the US seizure of an Iranian vessel dented hopes for a peace deal.
Brent crude, the international benchmark for oil prices, rose by 5% to about $95 a barrel.
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