Key facts
- A deal between the US and Iran to end conflict in the Middle East has been confirmed.
- Brent crude oil prices fell to a three-month low following the news.
- President Donald Trump announced the deal was 'all signed' and a ceremony is expected Friday.
- The deal does not include the ongoing conflict between Israel and Lebanon.
- The FTSE 100 index is expected to see cautious gains as markets digest the news.
Global markets experienced relief as the US and Iran confirmed a deal to end the conflict in the Middle East. Brent crude, the international benchmark for oil prices, hit a three-month low, falling below $83 a barrel. However, the FTSE 100 index saw only cautious gains, with oil giants Shell and BP weighing on the index.