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The Independent UK

Business

Anna Wise

Oil prices surge to $100 a barrel as US-Iran peace hopes fade amid military strikes

Iran Oil IG Donald Trump United Kingdom United States

Global oil prices have surged back to $100 a barrel, as diminishing hopes for a US-Iran peace deal cast a shadow over international energy markets.

Despite this, financial markets experienced a mixed morning, with UK stocks seeing gains and government borrowing costs falling to their lowest point in a month.

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