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Oil prices rose on Tuesday to cross the $90 per barrel level, after ending yesterday’s session with a decline amidst the new flare ups in the Middle East.
Israel's foreign minister said on Tuesday he was urging countries to place sanctions on Iran's missile programme and proscribe its Revolutionary Guard Corps as a terrorist organisation after Iran's first-ever direct attack on Israel.
The pound was up 0.1% against the US dollar to 1.2465, and up about 0.1% against the euro to 1.171. The price of Brent crude oil was down 1.2% to 89.30 US dollars (£71.67) at close.
Iran, while 14,000 jobs could be cut at Tesla
The news comes as a photo went viral last week showing cupboard staple olive oil for sale in a Tesco store for almost as high as £13 per bottle