FTSE 100 Live: Stocks inch up as US-Iran peace in spotlight at G7 summit; oil falls again

Jun 16, 2026 - 08:03

Trump claimed a peace deal with Iran was signed. (Pic: Isabel Infantes/PA Wire)

Good morning and welcome back to the City AM liveblog.

Global leaders are gathering today in France for the G7 summit as markets digest the latest developments in the US-Iran peace deal.

Relief spread across global markets yesterday after the US and Iran were confirmed to have sealed a deal to stop the fighting in the Middle East and end the over 100 days of conflict.

This morning, Brent crude – the international benchmark for oil prices – is moving lower under $83 a barrel, meanwhile markets in Asia advanced cautiously as markets digested potential complications surrounding a US-Iran deal. Meanwhile, the FTSE 100 is inching up as analysts warn of the complexities that come with the deal.

“Attention is being trained on the G7 summit in Evian-les-Bains, where the intricacies of the agreement are expected to be explored amid concerns that, if it’s too limited in nature, tensions could flare up again,” Susannah Streeter, chief investment strategist at Wealth Club, said.

“The agreement establishes a 60-day framework for broader negotiations over Iran’s nuclear programme. But the location of Iran’s highly enriched uranium stockpile remains unclear, and the limited ability of inspectors to monitor future activities is prompting worries that a hastily negotiated deal could leave Tehran with a pathway to rebuild its nuclear capabilities.”

Donald Trump claimed last night the deal between the US and Iran is “all signed”. It’s understood a formal signing ceremony will take place in Geneva on Friday.

The US President also confirmed it did not include fighting between Israel and Lebanon, which has continued to derail peace talks.

We’ll be bringing you the latest market reaction and analysis.