(RTTNews) - The U.K. stock market gained some ground in positive territory Monday morning, thanks to strong gains in some realty stocks after the UK government said it would unveil a schemed to help first-time home buyers in the upcoming budget. The overall mood in the market was cautious as oil prices climbed higher after U.S. President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz and signaled possible new military strikes after midterm elections. Iran's Foreign Minister Abbas Araghchi expressed hopes for a diplomatic solution, but warned the country is prepared for war with the United States to resume. Brent crude futures front-month contract surged to $108.28 before easing to $107.81, still up more than 3.
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