Oil prices rise and markets fall after US ship seizure hits Iran peace deal hopes

Tamara Ceaikovski

FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period Middle East crisis – live updates Business live – latest updates FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period Middle East crisis – live updates Business live – latest updates Oil prices rose sharply and European stock markets fell on Monday, after the US seizure of an Iranian vessel hit hopes for a peace deal. Brent crude, the international