FTSE 100 Live: Stocks to rise as Trump and Iran’s Strait of Hormuz tensions persist

Welcome back to City AM liveblog. Oil prices are hovering around the $88 per barrel mark as investors asses the conflicting rhetoric over the Strait of Hormuz. President Donald Trump said the US had “total control” over the narrow waterway as negotiations remain in deadlock. But Iran has pushed back on these claims with the nation’s…