The Guardian

Oil prices retreat and global stocks hit record highs after Trump hails ‘great progress’ on Iran deal – business live


US president pauses ‘Project Freedom’ to work on ‘final agreement’ with Tehran; stocks also ride high on AI euphoria

We are off to a good start in Europe too. The FTSE 100 index in London has jumped 1.5%, or 153 points, to 10,372 in early trading.

Diageo shares rose 4.6% (they were up 5.5% at the open) after the world’s top spirits maker, which also makes Guinness, posted surprise growth in quarterly organic sales, with strong performances in Europe annd Latin America offsetting weakness in the US, its biggest market.

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Source link : https://www.theguardian.com/business/live/2026/may/06/oil-prices-retreat-global-stocks-hit-record-highs-trump-great-progress-iran-deal-live-updates

Author : Julia Kollewe

Publish date : 2026-05-06 07:29:00

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