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London close: Stocks surge on peace deal hopes as oil prices slide

By Benjamin Chiou

Date: Wednesday 06 May 2026

(Sharecast News) - A big drop in the price of oil and renewed hopes for an imminent peace deal between the US and Iran lit a fire under global stock markets on Wednesday, with London's FTSE 100 jumping 2.2%.
The UK benchmark index settled 219.55 points higher at 10,438.66 - its...

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