FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period

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Oil prices have risen sharply and European stock markets have fallen, after the US seizure of an Iranian vessel hit hopes for a peace deal.

Brent crude, the international benchmark for oil prices, rose by as much as 5% on Monday to $95.50 (£70.75) a barrel.

Holiday park firms say such bookings are on the rise because of impact of Iran war on aviation

Holiday companies have predicted a surge in bookings for UK summer breaks after a jump in interest from Britons fearful of flight cancellations linked to the Iran war.

Summer bookings are expected to rise in the coming weeks amid warnings of possible jet fuel shortages and resulting cancellations by airlines across Europe.