FTSE 100 Live: Stocks to fall as Strait of Hormuz comes under threat
Welcome back to City AM‘s FTSE 100 liveblog. Oil is treading this morning as tensions in the Middle East offset a rise in supply. Brent crude – the international benchmark for oil prices – tipped over $101 per barrel on Wednesday morning following intensified attacks on tankers in the Strait of Hormuz in recent days. The UK [...]
The FTSE 100 is experiencing a decline as the Strait of Hormuz faces potential threat. Oil prices have surged, with Brent crude breaching the $101 mark per barrel due to intensified attacks on tankers in the region. The UK Maritime Trade Operations has reported nine incidents this month. In other news, Saudi Arabia, led by a coalition, claimed to have destroyed a ballistic missile launched by the Houthis towards Khamis Mushait.
Throughout the day, the City AM will provide updates on the London Stock Exchange and broader business developments.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Market wrap: Oil rises and stocks fall as Hormuz worries flare, but rand stronger iol.co.za
- Oil rises and stocks fall as Hormuz worries flare thejakartapost.com
- FTSE 100 Live: Pound and Gilts Head for a Down Day bloomberg.com
