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oil and gas

  • As it happened: FTSE 100 mixed; oil breaks $91 as Trump rules out new US-Iran ceasefire

    August 18, 2026

    Welcome back to the City AM liveblog. Oil prices are marching higher after Donald Trump refused to extend the ceasefire between the US and Iran following its expiration on Monday. Brent crude – the international benchmark for oil prices – broke above $91 per barrel as tensions persisted over the Strait of Hormuz and a [...]

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

    August 17, 2026

    Welcome back to the City AM liveblog. Oil prices have edged back up to more than $89 per barrel after the war of words between the US and Iran over the Strait of Hormuz continued over the weekend. Donald Trump has threatened to seize the narrow waterway and make it a US territory, marking a [...]

  • As It Happened: Stocks dip as oil’s ‘slowing demand’ in focus; Iran threatens to extend war

    August 14, 2026

    Welcome back to the City AM liveblog. Oil prices are holding up at $87 per barrel this morning as investors remain locked in wait-and-see mode while monitoring new updates coming out of US-Iran negotiations and efforts to reopen the Strait of Hormuz. The Iranian regime handed a major blow to peace optimism after suggestining it could [...]

  • Britain should back the North Sea if it wants energy security and net zero

    August 14, 2026

    The UK cannot afford to talk up growth, jobs and energy security while turning its back on the domestic resources it still needs, writes David Whitehouse Britain faces a simple choice. While we still need oil and gas, do we produce more of it here, supporting jobs, investment, energy security and lower production emissions, or [...]

  • As it happened: FTSE 100 drops as Antofagasta prompts miner sell-off; oil prices cool

    August 13, 2026

    Welcome back to City AM liveblog. The FTSE 100 dropped on Thursday morning, as the mining sector dragged on the blue-chip index. Antofagasta has fallen furthest, by nearly five per cent, after investors pounced on a production shortfall and cut to full-year guidance disclosed in its update this morning. This spook has weighed on the [...]

  • As it happened: FTSE 100 falls as Iran and US clash over Strait of Hormuz; Oil stockpiles ‘rapidly depleting’

    August 12, 2026

    Welcome back to City AM liveblog. Oil prices broke above $89 per barrel on Wednesday morning, notching the sixth consecutive sessions amid mixed signals around a potential deal between the US and Iran. The regime in Iran has said that the United States must end the war before they loosen their grip on the Strait of [...]

  • As it happened: Stocks jittery as oil nears $90; Trump ‘semi-negotiating’ with Iran

    August 11, 2026

    Welcome back to the City AM liveblog. Oil prices are marching higher for the fourth consecutive session, supported by new uncertainty between the US and Iran and continued agitation over the reopening of the Strait of Hormuz. Brent crude – the international benchmark for oil prices – was holding above $87 per barrel on Tuesday [...]

  • As it happened: Intel, Arm shares slide; Oil climbs higher

    August 10, 2026

    Welcome back to the City AM liveblog. Oil is starting the new week higher and making its third consecutive session for gains after optimism for a peace deal between the US and Iran stalled over the weekend and uncertainty around the Strait of Hormuz persisted. Donald Trump has said the US is “low-keying it” with Iran, [...]

  • As it happened: Stocks rise despite new tensions in Strait of Hormuz; Oil price climbs

    August 7, 2026

    Welcome back to the City AM liveblog. New tensions in the Strait of Hormuz this morning are leaving markets on edge and handing a blow to earlier optimism around a peace deal between the US and Iran. Oil is moving higher, reversing some of the drawback from the beginning of this week, after an attack [...]

  • As it happened: Stocks fall into red as oil fluctuates over Middle East developments

    August 6, 2026

    Welcome back to the City AM liveblog. Oil prices have fluctuated around the $80 mark over the last 24 hours following mixed developments coming out of the Middle East. Brent crude – the international benchmark for oil prices – was heading towards $79 per barrel on Thursday morning, holding up a near 10 per cent [...]

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