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London close: FTSE surges as oil prices slide on Iran-US ceasefire

By Michele Maatouk

Date: Wednesday 08 Apr 2026

(Sharecast News) - London stocks surged on Wednesday as oil prices tumbled, after the US and Iran agreed a two-week ceasefire that includes the reopening of the vital Strait of Hormuz.
The FTSE 100 closed up 2.5% at 10,608.88. Brent crude was down 13.2% at $94.84 a barrel and West Texas...

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