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oil sector

  • FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation

    March 25, 2026

    Welcome back to the City AM liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]

  • ‘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 [...]

  • FTSE 100 Live: Stocks dip; Reeves give energy update as oil prices jump

    March 24, 2026

    Good morning and welcome back to the City AM liveblog. Oil is back on the rise this morning following a series of mixed messages on Monday that brought forward a day of whiplash for global markets. The trading session started with nosedives into the red as markets digested President Trump’s 48 hour ultimatum on Iran, [...]

  • Trump’s call to pause strikes in Iran boosts markets

    March 23, 2026

    Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]

  • FTSE 100 Live: Stocks jittery after Trump’s latest TACO; Oil price slips

    March 23, 2026

    Welcome back to the City AM liveblog. Markets are in recovery mode after a dramatic intervention from President Donald Trump slapped a delay on his bombastic ultimatum. Trump issued a 48-hour ultimatum to the Iranian regime on Saturday night, where he called for the full re-opening of the Strait of Hormuz. The strait is a [...]

  • 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 [...]

  • Bank of England Live: Interest rates held in first unanimous vote in eight years

    March 19, 2026

    Welcome back to City AM‘s ongoing coverage of the interest rates decision. Interest rates have been held as rate-setters at the Bank of England warned the war in Iran could send prices spiralling as soon as April.  In the first totally unanimous vote in eight years, all members of the Monetary Policy Committee voted to [...]

  • ‘Panic mode’: FTSE 100 sinks as oil spikes on Iran’s energy threats

    March 18, 2026

    Markets were thrown into “panic mode” on Wednesday as the surging price of oil rattled global equities. The price of Brent crude – the international benchmark for oil – spiked as much as five per cent to $110 per barrel as energy facilities across the Gulf faced evacuation following the latest threats from Iran. The [...]

  • FTSE 100 Live: Stocks inch up; Gas prices surge after drone attacks

    March 17, 2026

    Good morning and welcome back to the City AM liveblog. The FTSE 100 closed up 0.5 per cent yesterday, settling at 10,317.69p led by a three per cent jump in Endeavour Mining. It came as global markets were brought some reprieve from declining oil prices. The price of Brent crude, the international benchmark for oil [...]

  • ‘No one expects’ Bank of England to cut interest rates, says former MPC member

    March 17, 2026

    A former member of the Bank of England’s Monetary Policy Committee (MPC) has said that “no one expects a cut” to interest rates amidst deepening conflict in the Middle East. Prof Jonathan Haskel, who is also a member of City AM’s Shadow Monetary Policy Committee, told BBC Radio 4’s ‘Today’ programme he believes a rates [...]

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