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London close: Stocks rally amid US-Iran peace talk hopes

By Michele Maatouk

Date: Monday 18 May 2026

(Sharecast News) - London stocks rallied on Monday amid renewed optimism over US-Iran peace talks.
The FTSE 100 closed up 1.3% at 10,323.75, while sterling was 0.7% higher against the dollar at 1.3419. At the same time, Brent crude was ahead 1.6% at $110.96 a barrel and West Texas Intermediate was...

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