Oil prices rise and markets fall after US seizure of ship hits Iran peace deal hopes
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<p>FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period</p><ul><li><p><a href="https://www.theguardian.com/world/live/2026/apr/20/iran-war-latest-news-updates-live-hormuz-trump-us-iranian-ship-ceasefire-doubt">Middle East crisis – live updates</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/apr/20/oil-price-stock-markets-us-iran-ceasefire-strait-of-hormuz
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<p>FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period</p><ul><li><p><a href="https://www.theguardian.com/world/live/2026/apr/20/iran-war-latest-news-updates-live-hormuz-trump-us-iranian-ship-ceasefire-doubt">Middle East crisis – live updates</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/apr/20/oil-price-stock-markets-us-iran-ceasefire-strait-of-hormuz
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