Oil price retreats from a five-month high after a report that Qatar and Pakistan have proposed reviving Iran war peace talks

Brent crude hit $111.20 a barrel on Tuesday before sliding back to $106.65 by the London close, down from $108.29 on Monday. The FTSE 100 shed 31.69 points to close at 10,733.00, recovering from a low of 10,673.02. Gasoline prices slumped to a seven-week low.

Crude had jumped more than 5% in early trading amid escalating Middle East hostilities.

French Prime Minister Sebastien Lecornu vowed a 'massive' security presence for next weekend's protests.