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big oil

  • FTSE 100 Live: Stocks jitter as inflation surges; Trump extends ceasefire

    Markets

    Good morning and welcome back to the City AM liveblog. Inflation has surged this morning follow the outbreak of war in Iran. Fresh figures from the Office for National Statistics (ONS) has shown the consumer price index rose by 3.3 per cent in the 12 months to March 2026. That’s up from three per cent [...]

    Donald Trump wearing a green tie at a public event, addressing the audience with a serious expression in a formal setting
  • ‘No more Mr Nice Guy’: Oil prices spike as Trump renews Iran power plant threats

    Energy

    The price of oil has been driven higher by the latest round of escalations in the Middle East renewing fears of a drastic global energy shock. Brent crude – the international benchmark for oil prices – jumped over six per cent on Monday morning to over $96. It follows a weekend of tensions where shipping [...]

    Business meeting with diverse team discussing strategy in modern office setting, featuring charts and laptops on the table.
  • FTSE 100 Live: Stocks slump on renewed Iran threats; UK to be ‘pushed to brink’ of recession

    Markets

    Good morning and welcome back to the City AM liveblog. Markets are returning from the weekend to a fresh round of volatility. The mood ended last week on a high following the re-opening of the Strait of Hormuz but that sentiment was quickly squashed over the weekend as tensions renewed. Shipping in the Strait of [...]

    Donald Trump with hand on chin, appearing contemplative during a public event, wearing a suit and red tie.
  • BP toasts to ‘exceptional’ oil trading after Iran volatility

    April 14, 2026

    Energy giant BP has forecast “exceptional” results in its oil trading division after a period of volatility in prices triggered by the war in the Middle East. The FTSE 100 oil major said upgraded its outlook on Tuesday, which marks a sharp recovery from the “weak” performance reported in the final quarter of 2025. The [...]

  • FTSE 100 Live: Stocks uneven as Trump’s Strait of Hormuz blockade begins

    April 14, 2026

    Good morning and welcome back to the City AM liveblog. Markets were rocked yesterday by the US’ blockade of the Strait of Hormuz, adding a new layer of tensions to the weeks-long conflict in the Middle East. Vice-President JD Vance has accused the Iranian government of engaging in an “act of economic terrorism” through its [...]

  • FTSE 100 Live: Dow Jones joins City in red; Oil soars on Iran war fears

    April 2, 2026

    Good morning and welcome back to the City AM liveblog. After a dose of optimism hit markets on Wednesday, that looks to all be eradicated come this morning. In a 19-minute long address to the nation, Donald Trump vowed to “finish the job” in Iran and warned the country would be hit “extremely hard” in [...]

  • FTSE 100 Live: Stocks boom as Trump signals end to Iran war; Starmer eyes closer ties to EU

    April 1, 2026

    Good morning and welcome back to the City AM liveblog. President Trump has made his clearest indication yet that the war in Iran might soon come to a close, saying the US will “leave” Iran in “two to three weeks” when they are certain the regime will not be able to build a nuclear weapon [...]

  • Iran mocks Trump’s peace talks as oil price takes sharp drop

    March 25, 2026

    The Iranian regime has mocked claims from Donald Trump that talks to end the war were progressing as markets struggle to digest a mixed bag of messages. Tehran downplayed expectations of any immediate ceasefire, following emerging reports that the US had offered a 15-point ceasefire plan. The President said the US was in “productive” talks [...]

  • ‘Crossroads’: Oil prices hold firm as markets sour on Trump’s peace talks

    March 24, 2026

    The price of oil held firm on Tuesday morning as markets faced a “crossroads” following the latest bait-and-switch from President Trump amid the crisis in the Middle East. Brent crude, the international benchmark for oil, broke $100 again in early trading in Asia after a four per cent gain. Prices have dipped a touch but [...]

  • Oil and gas prices surge after Trump threatens to ‘blow up’ Iran energy site

    March 19, 2026

    The surging price of oil and gas rocked markets this morning as tensions across the Middle East continued to spike fears of an energy crisis. Brent crude – the international benchmark for oil – hit $113 this morning, one of the highest levels since the conflict broke out three weeks ago. Meanwhile the price of [...]

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