- London's FTSE 100 Index reversed early session falls after US President Donald Trump said America would pause strikes against Iran energy and power infrastructure for five days amid talks to end the conflict.
- Brent crude oil prices also swiftly fell by up to 10%, settling around 8% lower at just under $104 a barrel.
- In financial markets, the UK's blue chip share index swung from more than 2.3% lower at one stage to stand 0.7% higher, up 67.7 points at 9986.
- The market optimism stems from the potential for an end to the conflict and the reopening of the Strait of Hormuz, a crucial global oil shipping route.
- Despite the rally, experts remain cautious, highlighting unanswered questions regarding the Strait of Hormuz and the broader de-escalation of tensions between the US and Iran.
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