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oil crisis

  • FTSE 100 Live: Stocks take a dip as Trump’s ceasefire in doubt

    Markets

    Good morning and welcome back to the City AM liveblog. Hopes for peace in the Middle East are on thin ice with the ceasefire unveiled on Wednesday morning already seemingly in tatters. According to Mohammad Bagher Ghalibaf, Iran’s parliament speaker, the US and Israel have already “violated” Iran’s 10-point ceasefire proposal in three ways. And [...]

    Donald Trump speaking at the PAAP office conference, addressing key political issues and strategies in a formal setting.
  • FTSE 100 Live: Blue-chip stocks boom on Trump and Iran ceasefire

    Markets

    Good morning and welcome back to the City AM liveblog. Markets are in line for a major boom this morning after Donald Trump confirmed a two-week ceasefire with Iran shortly ahead of his latest bomb threat deadline. Trump announced the two-week postponement by stating the US and Iran were “very far along” with a “definitive” [...]

    General news article image depicting a current event, featuring people in a business setting discussing a topic.
  • FTSE 100 Live: Stocks dip ahead of Trump’s Iran deadline

    Markets

    Good morning and welcome back to the City AM liveblog. The London market is set to return from the bank holiday break with a major hangover. Whilst the City enjoyed an Easter break, volatile trading continued with Brent crude – the international benchmark for oil – hovering around the $110 mark after see-sawing between gains [...]

    Donald Trump speaking at press conference podium, addressing media with serious expression, American flags in background
  • ‘A whole civilisation will die tonight’: Trump ramps up Iran threats as deadline draws nearer

    April 7, 2026

    Donald Trump has dialled up his threats on Iran warning a “whole civilisation will die tonight” ahead of his latest looming deadline for Iran. The chaotic sentiment has rocked markets across Europe after indexes struggled to find direction during early trading. The FTSE 100 see-sawed between gains and losses as the City market returned from [...]

  • Oil soars as Trump vows to hit Iran ‘extremely hard’

    April 2, 2026

    The price of oil has spiked by over 7 per cent following Donald Trump’s vow to keep hitting Iran ‘extremely hard’ over the next few weeks, in an address to the nation. After a 17-minute speech on Wednesday evening, which failed to reassure global markets, Brent crude, the global oil benchmark, jumped 5 per cent [...]

  • 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 [...]

  • Bank of England: UK economy risks ‘large and overlapping’ shocks

    April 1, 2026

    The Bank of England has issued a major warning that the financial system is facing increasing risks of “large, frequent and potentially overlapping shocks” amid the volatility from the Middle East war‘ and ongoing market risks’s impact on energy and global markets. In the latest meeting of the central bank’s Financial Policy Committee top officials [...]

  • 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 [...]

  • FTSE 100 Live: Stocks inch up; Fuel shortage fears hit airlines; Unilever nears food deal

    March 31, 2026

    Good morning and welcome back to the City AM liveblog. Oil prices are on track for its biggest monthly gain on record for March following the outbreak of war in Iran. It comes as the war in Iran continues to cause ripples through the market, with Brent crude – the international benchmark for oil prices [...]

  • US gearing up for ‘weeks of ground operations’ in Iran

    March 29, 2026

    The US military is reportedly gearing up for “weeks of ground operations” in Iran in a move that will destroy optimism garnered over the last week that a peace deal could be on the horizon. Sources at the Pentagon have told the Washington Post that the potential operations would not amount to a full invasion, [...]

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