FTSE 100 climbs 2.2 percent as US-Iran peace hopes grow
British indexes rose on Wednesday as reports of a potential US-Iran deal lowered oil prices. The FTSE 100 gained 2.2 percent while energy shares fell.
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United Kingdom equity indexes rose 2.2% on Wednesday as the FTSE 100 reached 10,438.7 points following reports of a Gulf peace proposal. Iran is reviewing a United States proposal to end the regional conflict. A resolution could lower energy-driven inflation and reduce the scale of projected Bank of England interest rate hikes.
