UK stocks are down firmly in negative territory Thursday morning, weighed down by inflation concerns following an escalation in tensions in the Middle East after fresh strikes by Iran on Persian Gulf oil-and-gas infrastructure.
Following attacks by Iran on energy facilities in the Middle East, including the crucial South Pars gas field, Brent crude futures surged above $119.00 a barrel earlier in the day, and despite dropping a bit to $114.50, remains high up (nearly 6.5%) over previous close.
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FTSE Down Over 2% On Widespread Selling; BoE Announcement In Focus
2026-03-19 11:37:49
