June 2 (Reuters) - The UK's blue-chip FTSE 100 climbed

on Tuesday, led by gains in cyclical sectors such as miners and

banks, while investors watched for signs of progress in talks to

end the Iran war.

The FTSE 100 index closed up 0.3%, while the midcap

FTSE 250 climbed 0.6%.

* Industrial metal miners led gains, with

heavyweights including Glencore ( GLCNF ), Anglo American

and Rio Tinto climbing around 4% each as copper prices

climbed to a more than two-week high.

* British banking stock index rose 1.9% to

close at its highest since December 2007.

* Oil and gas stocks edged up 0.4%, with

crude prices little changed as Iran reviewed a proposed

agreement with the United States to halt the war. Lebanon also

announced a partial ceasefire between Hezbollah and Israel.

* Iran has effectively halted most non-Iranian shipping in

and out of the Gulf since the war began, choking off about a

fifth of global oil and liquefied natural gas flows, driving up

prices and fuelling inflation concerns.

* Bank of England Governor Andrew Bailey said it was

important to bring British inflation back to target and give

households confidence about the central bank's ability to do so.

* Among single stocks, British American Tobacco

raised its forecast for revenue from smoking alternatives like

vapes after a significant U.S. policy shift, but kept its

group-wide guidance unchanged, sending its shares down 2.5%.

* GB Group slid 17% after the identity technology

company clocked a yearly loss due to an impairment charge of

£73.1 million.