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Evening Standard

Jeremy Cutler

Stocks soar and oil sinks on fresh peace deal hope

Oil United States Donald Trump Iran Shell British Petroleum Diageo Fresnillo Smith Nephew United Kingdom

Brent crude for July delivery was trading at 102.12 US dollars a barrel on Wednesday (Jeff Moore/PA) - (PA Archive)

Stocks soared on Wednesday on renewed hopes a peace deal could be struck between the US and Iran to end the Middle East war.

The FTSE 100 closed up 219.55 points, 2.2%, at 10,438.66.

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