Iran War's Grip on Britain: Hormuz Deal Hopes Lift Markets but EY Warns of Recession

Donald Trump has called off imminent strikes on Iran, claiming the "perimeters of a deal" have been agreed to reopen the Strait of Hormuz. The U.S. president said Saudi Arabia, the UAE, Qatar, and Iran asked him to hold off in hope of a deal to end the war, which would include the "Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT" and a resolution to Iran's nuclear program. The FTSE 100 is expected to jump on the news, but investors remain wary after previous talks...