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Evening Standard
Evening Standard
Jeremy Cutler

Stocks rally amid hopes of end to Middle East conflict

Middle East United States Donald Trump Iran Oil Morgan Stanley ECB Endeavour Mining Experian Shell
The FTSE 100 index closed up (PA) - (PA Archive)

Stocks rallied on Wednesday, and oil prices cooled, on hopes for an end to the conflict in the Middle East despite Iran reportedly rejecting a peace plan proposed by the US.

“Investors are pinning their hopes on a 15-point ceasefire deal unveiled by the US despite the proposals apparently being rebuffed by Iran,” said AJ Bell head of markets Dan Coatsworth.

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