The cost of crude dropped sharply, having jumped to a five-month high on Monday, while the FTSE 100 Index was also making gains.

The figure is up from 4.1 last month, which was a rise from 3.8 in April, according to data from analysts Kantar.

The latest barrage came after Israel and Iran accepted a ceasefire plan proposed by US President Donald Trump to end their 12-day war.

Israeli forces and drones opened fire toward hundreds of people waiting for aid trucks in central Gaza early on Tuesday, killing at least 25 people, Palestinian witnesses and hospitals said. The ...