Keir Starmer welcomes Iran war ceasefire as he heads to Gulf to meet regional leaders – UK politics live

PM to meet partners in region to discuss effort to ‘support and sustain ceasefire’ and reopening the strait of Hormuz

The FTSE 100 jumped by 268.28, or 2.59%, to 10,617.07 points after the London markets opened this morning, the Press Association reports. PA says traders and investors welcomed a conditional two-week ceasefire between the US and Iran. It came as the price of crude oil plunged in value, falling by around 14% in early trading.

Good morning. Keir Starmer has welcomed the ceasefire agreement between the US and Iran. Here is Andrew Roth’s story about the overnight news.