FTSE 100 LIVE: Stocks rally after Trump says US could leave Iran in a few weeks
The FTSE 100 and other European markets rallied after President Donald Trump said the US could end its military operation in Iran within two to three weeks. Stocks jumped and oil prices plunged on hopes of an end to the conflict in the Middle East, with the FTSE 100 surging 1.8% in early trading.
European markets rallied on Wednesday morning after President Donald Trump said the US could leave Iran in a few weeks. The FTSE 100 surged 1.8% in early trading, while Germany's DAX and the CAC in Paris also saw significant gains. Oil prices plunged, with Brent crude futures down 4% to $99.73 per barrel. The US president's comments sparked hopes of an end to the conflict in the Middle East. The White House announced that Trump will deliver an address to the nation on Wednesday to provide an update on Iran. The rally in stocks was seen as a positive sign for investors, with the pan-European STOXX 600 up 2.4%.
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