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The aerospace and energy heavyweight was the sixth biggest riser when markets opened.
Rolls-Royce shares surged up to 10 percent following news of a Middle East ceasefire.
KEY POINTS
- Brent Crude oil prices dropped by as much as 15 percent to $94 per barrel.
- No ships are currently passing through the Strait of Hormuz despite the ceasefire announcement.
- Experts warn that trade flows through the Strait may take weeks to fully resume.
COMPANIES
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