FTSE 100 today: Stocks rise as miners rally, oil slides on Iran deal hope

British stocks continued their upward momentum on Monday, with the FTSE 100 climbing as mining shares rallied alongside metals prices, while oil prices fell on hopes of a U.S.-Iran deal.

The FTSE 100 closed up 1%. Germany’s DAX rose 1.7% and France’s CAC 40 advanced 1.2%. Sterling rose 0.5% to $1.3419.

Antofagasta led the index, jumping 5.6%, followed by Endeavour Mining, Anglo American, Fresnillo, Glencore and Rio Tinto, tracking firmer gold, silver and COMEX copper.

Silver December futures rose 1.52% to $52.722 an ounce, with spot silver up 1.52% at $52.7215.

Platinum January futures gained 1.4% to $1,558.50. On the London Metal Exchange, copper gained 0.69% to 13,854.43, while aluminium fell 0.36% to 3,054.70.

Brent January futures fell 4.2% to $94.17 a barrel and WTI December futures lost 3.91% to $87.27.

Gold December futures rose 1.39% to $4,131.37 an ounce and spot gold gained 1.27% to $4,121.83.

Qatar’s prime minister was in Washington to meet U.S. President Donald Trump and Vice President JD Vance, with the Middle East on edge over fears the war could resume.

A senior Qatari official told Al Jazeera that mediation was continuing and called media reports detailing Iranian enrichment and asset-release terms "categorically false."

Iran said it was impossible to move toward peace unless Washington lifts its naval blockade, releases seized assets and lifts sanctions, accusing it of reneging on commitments.

Foreign Ministry spokesman Esmaeil Baghaei said Iran’s two-day proposal to fully reopen the Strait of Hormuz remained "the most logical, operational, and structured roadmap."

President Masoud Pezeshkian said the supreme leader had ordered an end to the "no-war, no-peace" situation. Iran’s navy said it had hit at least 11 tankers in Hormuz over 10 days, Tasnim reported.

Nvidia fell 5.45% in pre-market trading, after its board launched an independent probe into whether CEO Jensen Huang was targeted by a foreign intelligence operation. Nvidia said it saw no sign national security or company secrets were compromised.