FTSE 100 Live: Stocks to jump; oil falls as Trump says Iran has ‘last chance’ for peace

Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday morning and the UK’s blue-chip index is set to jump as optimism grows that the US could reach a peace deal with Iran. The price of oil drifted lower yesterday after Donald Trump called off strikes on Iran but progress towards a finalised peace…