Market Report - pre-open

London pre-open: Stocks to gain as oil falls on hopes of Hormuz reopening

By Michele Maatouk

Date: Wednesday 05 Aug 2026

(Sharecast News) - London stocks were set to rise at the open on Wednesday as oil prices fell amid hopes of a US-Iran agreement to reopen the vital Strait of Hormuz.
The FTSE 100 was called to open around 21 points higher. At 0720 BST, Brent crude was down 0.5% at...

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