US stocks jump after Bessent says deal to reopen Hormuz is imminent

S&P 500 hits record high as Iranian and Omani negotiators agree on temporary shipping arrangement

Welcome back to the City AM liveblog. The London stock market looks set to start the new week on the front foot after Donald Trump hinted a deal between US and Iran on the Strait of Hormuz is near. The US President has said that Saudi Arabia, the UAE, Qatar and Iran have asked him…