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Oil price falls to three-month low and markets rally after US-Iran peace deal – business live

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Rolling coverage of the latest economic and financial news

Shares in oil companies are falling, though – BP and Shell are both down 3.7%, as investors anticipate an end to their earnngs boost from the Iran war.

Boom! Britain’s stock market has hit a near-two month high at the start of trading, as investors welcome the breakthrough between the US and Iran to end the Middle East conflict.

Continue reading…Rolling coverage of the latest economic and financial newsOil prices tumble amid hopes strait of Hormuz will soon reopenShares in oil companies are falling, though – BP and Shell are both down 3.7%, as investors anticipate an end to their earnngs boost from the Iran war.Boom! Britain’s stock market has hit a near-two month high at the start of trading, as investors welcome the breakthrough between the US and Iran to end the Middle East conflict. Continue reading…