GeriOil prices rise and markets fall after US seizure of ship hits Iran peace deal hopes

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Guardian UK20.04.2026GeneralUnited Kingdom

Oil prices rise and markets fall after US seizure of ship hits Iran peace deal hopes

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FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended periodMiddle East crisis – live updatesBusiness live – latest updatesOil prices have risen sharply and European stock markets have fallen, 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. Continue reading...

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