FTSE 100 Live: Pound Regains Ground, Oil Prices Extend Jump

Oil prices have pared an earlier rise but held onto the jump seen at the end of last week as Israel and Iran continue attacks on each other.
Brent oil jumped by as much as 5.5% earlier, before paring that rise to around 0.6%. Israel launched an attack on the South Pars gas field, forcing the halt of a key production platform.
The biggest fear remains around the Strait of Hormuz, where Middle East oil producers ship around a fifth of the world's daily output. Should Iran decide to block the route, it could cause prices to soar.

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