European markets jumped on Wednesday as hopes grew for US-Iran negotiations. London’s FTSE 100 rose 0.9%, Paris gained 1.4%, and Frankfurt surged 1.7%.
Oil prices plunged over 4%, with Brent crude near $100 a barrel, after Trump said progress is being made in talks with Tehran. The US reportedly offered a 15-point ceasefire plan, though Iran’s military dismissed the proposal.
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UK inflation held at 3% in February, but analysts warn that higher oil prices could push it higher in the coming months.
Gold climbed 3.6% to $4,557 an ounce, while Bitcoin rose 2.5% above $71,000.
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