---
title: "FTSE 100 extends recovery as hopes of Iran deal grow"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-05-07T06:38:39+00:00"
modified: "2026-05-07T06:38:39+00:00"
date: 2026-05-07
canonical: "https://www.share-talk.com/ftse-100-extends-recovery-as-hopes-of-iran-deal-grow/"
category: "Blogs"
categories: ["Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Asia", "Bangkok", "Denmark", "Endeavour Mining", "Fed", "Federal Reserve", "Finland", "FRANCE", "FTSE 100", "GERMANY", "Glencore", "Greenland plan", "Hong kong", "Japan", "London", "Manila", "mining stocks", "Mumbai", "Nasdaq Composite", "NATO alliance", "Netherlands", "Nikkei 225", "Norway", "S&P 500", "shanghai", "Singapore", "Sweden", "Sydney", "Taiwan", "UK", "United States", "Wall Street", "Wellington"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/FTSE-100.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# FTSE 100 extends recovery as hopes of Iran deal grow

**Published:** May 7, 2026
**Author:** sharetalk
**Categories:** Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Asia, Bangkok, Denmark, Endeavour Mining, Fed, Federal Reserve, Finland, FRANCE, FTSE 100, GERMANY, Glencore, Greenland plan, Hong kong, Japan, London, Manila, mining stocks, Mumbai, Nasdaq Composite, NATO alliance, Netherlands, Nikkei 225, Norway, S&P 500, shanghai, Singapore, Sweden, Sydney, Taiwan, UK, United States, Wall Street, Wellington
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/FTSE-100.jpg?fit=1200%2C800&quality=89&ssl=1)

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London stocks are set for a firmer open on Thursday following the previous session’s strong rally, as optimism over a potential US-Iran agreement continues to support global risk sentiment.

Futures indicate the FTSE 100 will open around 0.1% higher after surging nearly 220 points on Wednesday to close at 10,438.66.

Investor sentiment remained supported by reports that the US and Iran are close to agreeing on a preliminary framework to end the conflict and pave the way for broader nuclear negotiations. Asian markets rallied overnight, with major regional benchmarks climbing between 2% and 3% in catch-up trading.

Oil prices were relatively stable, with Brent crude holding just below $102 per barrel after rebounding modestly from the previous session’s sharp decline.

Among corporate developments, BP was in focus after reports that the US extended a licence allowing the company to continue managing payments involving sanctioned Iranian and Russian partners linked to a gas project in Azerbaijan.

Meanwhile, Intertek is reportedly preparing to reject a revised takeover proposal from private equity group EQT valuing the business at £58 per share.

Commodity markets were mixed, with gold rising for a third consecutive session amid a softer US dollar, while copper prices eased after the previous day’s rally.

Several major London-listed companies, including Glencore, RELX and Admiral Group, will trade ex-dividend on Thursday.

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