FTSE 100 Down 0.6% Amid Iran Deal

FTSE 100 fell 0.6% on Monday as markets reacted to Iran’s proposal to reopen the Strait of Hormuz and defer nuclear talks.
Sterling rose to $1.3549 per dollar while Germany’s DAX and France’s CAC 40 slipped 0.1% and 0.2% respectively.
Iran’s foreign minister Abbas Araghchi delivered the proposal via Pakistan, then met Omani officials in Muscat and Russian President Putin in St Petersburg.
UK firms Close Brothers, Barclays, Lloyds and Santander accepted FCA’s £9.1bn car‑finance redress scheme; Intertek rejected EQT’s £54‑per‑share £8.3bn offer.