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oil crisis

  • As it happened: FTSE 100 see-saws amid global jitters as market outlook turns ‘risky and dangerous’

    June 10, 2026

    Good morning and welcome back to the City AM liveblog. Markets were not getting too excited at the beginning of this week when Donald Trump said a peace deal with Iran was “very close”. And last night’s exchange of strikes might explain why. The US has said it completed a series of strikes against Iran [...]

  • As it happened: FTSE 100 and Wall Street hit by stock sell-off; CBI cuts UK GDP

    June 9, 2026

    Welcome back to the City AM liveblog. Rachel Reeves is staring down another bruising growth downgrade this morning after the Confederation of British Industry (CBI) slashed the UK’s GDP forecast to 1.1 per cent for the year. The figure is a drop from 1.4 per cent last year and below the previous consensus of 1.3 [...]

  • As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets

    June 8, 2026

    Good morning and welcome back to the City AM liveblog. The FTSE 100 edged into the green on Monday lunchtime and US futures pointed to gains, as the markets looked to claw back early jitters caused by fresh Middle East strikes and a tech stock sell-off. An exchange of fire from Iran and Israel left [...]

  • As it happened: US jobs smash forecasts; Stocks in green amid cloudy US-Iran peace talks

    June 5, 2026

    Welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft ‌of a memorandum of understanding ​between ‌Iran and the ​US has ambiguities that have to ​be ⁠clarified, ⁠an adviser [...]

  • As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace

    June 4, 2026

    Good morning and welcome back to the City AM liveblog. Donald Trump has hinted a peace deal in the Middle East could come as soon as “over the weekend” in the latest back-and-forth of negotiations between the US and Iran. The President yesterday doubled down once more on his claim that Iran is set to [...]

  • As it happened: Stocks jitter on stalling US-Iran talks; OECD unemployment warning

    June 3, 2026

    Welcome back to the City AM liveblog. Markets are being pulled in countless directions from the conflicting information emerging around the conflict in the Middle East. The FTSE 100 managed to shrug off some of these jitters yesterday and secure a finish 0.3 per cent higher as the price of oil slipped. But this morning [...]

  • As it happened: Stocks shrug off stalling Iran peace talks; OBR warns Reeves

    June 2, 2026

    Good morning and welcome back to the City AM liveblog. Markets were rocked yesterday after reports emerged from Iranian state media that Tehran was pulling out of peace talks with the US. A proposal that included a 60-day cessation of violence and a play to re-open the Strait of Hormuz has hung in the balance [...]

  • Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid

    June 1, 2026

    Easyjet has fired back at speculation of a takeover, after reports emerged that private credit firm Castlelake was weighing a bid. The budget airline said it notes the “highly opportunistic timing” of a potential offer as it asserted its share price is “temporarily depressed due to the current situation in the Middle East and its [...]

  • As it happened: FTSE 100 plunges as Iran pulls out of US peace talks; Mandelson files released

    June 1, 2026

    Good morning and welcome back to the City AM liveblog. Oil has nudged a touch higher to $93 per barrel this morning as uncertainty continues to cloud any prospect of a peace deal in the Middle East. The latest peace proposal between the US and Iran was said last week to be awaiting on the [...]

  • As it happened: Stocks rise on Iran peace hopes; Asda and Ocado deal

    May 29, 2026

    Good morning and welcome back to the City AM liveblog. After investors kicked into sell-off mode on Thursday amidst spiking tensions as the US and Iran exchanged strikes, attention is quickly turning back to hopes of a peace deal this morning. US and Iranian negotiators are reported to have reached an agreement on a 60-day [...]

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