Iran-Israel ceasefire boosts markets risk appetite; UK inflation may ‘plateau’, warns Bank of England’s Greene – business live

<p>Oil has fallen to its lowest level since June’s conflict began, while stock markets have jumped across Asia and Europe</p><ul><li><p><a href="https://www.theguardian.com/business/2025/jun/23/oil-prices-iranian-strike-us-airbase">Oil prices sink after Iranian strike on US airbase reduces fears of market disruption</a></p></li></ul><p>Travel and leisure stocks across Europe are rallying too.</p><p>This has pushed up the <strong>STOXX Europe travel and leisure index</strong> by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April.</p> <a href="https://www.theguardian.com/business/live/2025/jun/24/oil-slumps-markets-rally-trump-iran-israel-ceasefire-inflation-dollar-pound-business-live">Continue reading...</a>