As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz FTSE 100 Live Welcome back to the City AM liveblog. The FTSE 100 is falling on Wednesday as oil prices continue their march upwards and investors digest a jump in inflation. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading [...]
As it happened: FTSE 100 mixed; oil breaks $91 as Trump rules out new US-Iran ceasefire FTSE 100 Live 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 Antofagasta prompts miner sell-off; oil prices cool FTSE 100 Live 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 [...]
Oil price falls but Trump and Iran clash on negotiations claim August 3, 2026 The price of oil has drifted lower after Donald Trump called off strikes on Iran but progress towards a finalised peace deal continues to stall as the President clashes with Iran’s leadership. Brent crude – the international benchmark for oil prices – tumbled over five per cent on Monday to below $83 per barrel as [...]
As it happened: Stocks reverse losses after Trump threatens harder strikes on Iran; Oil at four-week high July 15, 2026 Welcome back to the City AM liveblog. Oil prices have reached a four-week high after the Strait of Hormuz became too unsafe for ships travel through following the exchange of strikes between the US and Iran. Brent crude – the international benchmark for oil prices – tipped over the $87 per barrel mark on Tuesday [...]
As it happened: FTSE 100 rises to defy tech gloom; oil creeps up on fresh Iran tensions July 7, 2026 Welcome back to the City AM liveblog. Donald Trump warned the US will “finish the job” in Iran leaving investors unnerved as he renewed military threats following the funeral of Tehran’s former Supreme Leader Ayatollah Ali Khamenei. Brent crude – the international benchmark for oil – traded above $72 per barrel on the news, but [...]
As it happened: Stocks slide despite tech and data boost; Oil falls after OPEC+ ups output July 6, 2026 Welcome back to the City AM liveblog. Markets are dealing with a double dose of pressures to start of the new week as investors brace for a crucial earnings season in the artificial sector, whilst an increase of supply on the oil market weighs on prices. Over in Asia, stock markets slipped following a week [...]
As it happened: Stocks rise as oil lower; Iran threatens ‘forceful response’ over Strait of Hormuz July 3, 2026 Welcome back to the City AM liveblog. The rate of traffic flowing through the Strait of Hormuz is gradually picking back up in a major boost to the oil market. Brent crude – the international benchmark for oil prices – held steady at near $72 per barrel on Friday morning. It marked a similar level [...]
As it happened: Stocks fall as US and Iran clash over Strait of Hormuz; Fed chair says inflation risk is easing July 1, 2026 Welcome back to the City AM liveblog. Oil prices are holding steady above $73 per barrel after days of heightened tensions between the US and Iran ahead of peace talks in Qatar. Brent crude – the international benchmark for oil prices – posted its biggest quarterly decline since 2020 for the second quarter of the [...]
As it happened: Stocks higher as oil price sinks; Reeves makes bid to stay as Chancellor June 25, 2026 Welcome back to the City AM liveblog. The price of oil is heading lower this morning as the outlook around the Strait of Hormuz improves. Brent crude – the international benchmark for oil prices – tumbled below $73 per barrel, extending losses for a fourth consecutive session. These moves helped wipe out all the gains [...]