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London close: Stocks jump on opening of Strait of Hormuz as oil prices slide

By Benjamin Chiou

Date: Friday 17 Apr 2026

(Sharecast News) - A plunge in the price of oil pushed UK stocks firmly higher in afternoon trade on Friday, with the FTSE 100 hitting its highest level since early March after Tehran said the Strait of Hormuz was now "completely open" to commercial ships.
London's blue chip index settled 0.7%...

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