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  • FTSE 100 Gains on Cautious US-Iran Peace Optimism, Oil Prices Fall
    May 22, 2026, 12:45 PM EDT. The FTSE 100 edged up 0.2% to 10,466.26 amid cautious optimism about a potential US-Iran peace deal, with the FTSE 250 and Aim All-Share also rising. Brent crude oil prices dropped to $104.22 a barrel from $107.98 as investors digested Middle East developments. US Secretary of State Marco Rubio noted some progress but warned against over-optimism, while UAE officials gave a 50% chance of an agreement to reopen the strategic Strait of Hormuz. UK data showed April public sector borrowing rose to £24.34 billion, exceeding forecasts, while retail sales declined 1.3%, falling short of expectations. The pound strengthened slightly versus the dollar and euro. Investors balanced geopolitical hopes with economic headwinds in London trading Friday.