Huge Financial Swings Follow Trump Statement
Markets have reversed earlier moves after Donald Trump said the US and Iran had had "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East".
Brent crude has fallen 13% to about $96 a barrel. The FTSE 100 index is now up 0.5% having fallen more than 2% earlier.
Gas prices have fallen from 159p a therm to about 139p.
The yield on 10-year UK government bonds, which had risen to 5.121% earlier, is now down to 4.89% - which is lower than at the start of the day.
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