A former Aberdeen oil and gas engineer was named among the UK victims of the tragic Ukraine International Airlines crash in Iran.
The threats of retaliation coming out of the US and Iran over the last 24 hours were enough to spook markets into taking a knock by closing time on Monday.
Legal proceedings against a British-flagged oil tanker held by Tehran since July have concluded, Iran's government spokesman has said, although he does not know when the vessel will leave.
President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, though officials in Tehran denied losing one.
Iran could become the most prosperous country in the region following the lifting of sanctions, according to the Economist Intelligence Unit.
The Iranian Oil Minister has said Tehran would be ready to negotiate with Saudi Arabia over the current conditions facing the global market.