Oil prices rise and markets fall after US seizure of ship hits Iran peace deal hopes
by Lauren Almeida from World news | The Guardian on (#752D0)
FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period
Oil prices have risen sharply and European stock markets have fallen after the US seizure of an Iranian vessel dented hopes for a peace deal.
Brent crude, the international benchmark for oil prices, rose by 4.8% on Monday to $94.69 (70.07) a barrel.
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