FTSE 100 Live: Stocks fall as Trump ‘semi-negotiating’ with Iran; Oil rises higherWelcome back to City AM's FTSE 100 live blogWelcome back to the City AM liveblog. Oil prices are marching higher for the fourth consecutive session, supported by new uncertainty between the US and Iran and continued agitation over the reopening of the Strait of Hormuz. Brent crude – the international benchmark for oil prices – was holding above $87 per barrel on Tuesday morning in a blow to hopes that prices were cooling over the last week. Heightened oil prices in the last few months have fanned the flames of inflation and left economies across the globe gripping with an energy crisis. We are just watching Iran with its huge inflation and the fact they have no money,” he told Axios.