Oil and gas prices dip after Netanyahu agrees to ‘hold off’ attacks on Iranian gas fields; ‘demand destruction fears rise’ – business live

Rolling coverage of the latest economic and financial news

The London stock market is rallying this morning, led by travel and hospitality firms.

The FTSE 100 index has gained 50 points, or 0.5%, to 10,113, having yesterday tumbled by 2.35%.

Today will be the 15th trading day of the conflict so far…that is on average when we bottom out in US equities after a geopolitical shock.

However it would be hard to trade on the back of averages at the moment with so much uncertainty so headlines will be more important than history here but if you’re looking for optimism the normal geopolitical playbook would at least give you hope.

“President Trump asked us to hold off on future attacks, and we’re holding out.”