FTSE 100 LIVE: Stocks push higher as Trump willing to end Iran war without Hormuz deal
The FTSE 100 and European stocks have risen after a report suggested that US President Donald Trump is willing to end the US military campaign against Iran. The news has raised hopes that the current phase of the conflict will wind down soon, with oil prices pulling back and stocks pushing higher.
Stocks have pushed higher after a report that Donald Trump is willing to end the US military campaign against Iran. The FTSE 100 was 0.7% higher in early afternoon trade, while Germany's DAX and the CAC in Paris also rose. The US president reportedly told aides he would end the campaign even if the Strait of Hormuz remained closed. Oil prices have pulled back, with West Texas Intermediate trading near $103 a barrel. The UK's GDP rose 0.1% in the final three months of last year, according to the Office for National Statistics. Investors are gearing up for fresh economic data, including consumer confidence and job openings.
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