# Barclays soared eight per cent as trading in London kicked off, hitting highs.

*business · news · 2026-04-08 · City A.M.*

## Key points

- Barclays shares surged 8% at open, recovering losses since the Iran war began.
- Lloyds crossed the 100p mark after a 7% rally, reversing recent declines.
- The FTSE 350 bank index jumped 6% at open, following a 12% drop last month.
- The US accepted a ceasefire with Iran, contingent on free traffic through the Strait of Hormuz.

**Companies:** Barclays, HSBC, Lloyds, Natwest
**Countries:** United Kingdom, Iran, United States

[Read the full story on City A.M.](https://www.cityam.com/barclays-and-lloyds-shares-pop-as-ftse-100-banks-rally-on-iran-ceasefire-news/)

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