India, July 27 -- The U.K. stock market's benchmark index FTSE 100 climbed to a near 5-month high Monday morning amid easing concerns about geopolitical tensions following Iran and the U.S. pausing their strikes and paving the way for a fresh round of peace negotiations.
Oil prices tumbled after Iran and the U.S. paused military strikes over the weekend, paving the way for talks to avoid a return to full-scale war.
After the U.S. paused its strikes against Iran for a second night, Iran stopped conducting counterattacks. According to reports, Pakistan is exploring a path toward new U.S.-Iran talks over ending the conflict.
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