Buyers return to the market snapping up oversold stocks

Three weeks ago the UK's FTSE100 Index peaked at a new High of 10,934.90, with share prices generally reflecting firmness and hope.

Then the World's Greatest Peacemaker turned War Monger decided to throw his rattle out of the cot and inflict his 'power' upon Iran and its energy interests.

The devastation that has been subsequently caused by his manoeuvres has almost throttled oil and gas supplies through the Middle East regions.

The squeeze for desperate tankers to get through the Hormuz has ended up with a fleet of such vessels waiting for safe access through the channel.

The inevitable effect that has been caused in those three weeks helped to drop the FTSE100 to 10063.50 by last night.

Share prices of market favourites have fallen back 10% or more.

It just needed a few words from Israel overnight to reassure the world's markets that it currently has no plans to increase its bombing of Iranian energy interests.

The market has this morning jumped over 50 points in initial dealings, with the FTSE100 now at 10,113 as traders took the opportunity to snap up some 'cheap' stock positions.