Airline and travel shares listed on the London Stock Exchange have rocketed after Iran said it has reopened the Strait of Hormuz, potentially signalling an end to weeks of chaos to the tourism industry.
London-listed Wizz Air and Easyjet jumped nine and eight per cent on the news, after the blockage to the crucial shipping strait had threatened a cliff-edge to jet fuel supplies.
Shares in British Airways owner IAG, which is FTSE 100 listed, bounced by more than five per cent.
Holiday company On The Beach jumped more than three per cent while Premier Inn owner Whitbread took a three per cent bounce.
This is a breaking story and will be updated.
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