FTSE 100 Live: Stocks to fall as Trump ‘semi-negotiating’ with Iran; Oil rises higher

Welcome back to the City AM liveblog. Oil prices are marching higher for the fourth consecutive session, supported by new uncertainty between the US and Iran and continued agitation over the reopening of the Strait of Hormuz. Brent crude – the international benchmark for oil prices – was holding above $87 per barrel on Tuesday…