FTSE 100 Slips On Widespread Selling

U.K. stock market’s benchmark index FTSE 100 fell sharply Wednesday morning as oil prices and bond yields climbed higher amid rising Middle East tensions and triggered worries about inflation and monetary tightening by central banks.

Brent crude futures rose to $79.26 a barrel, before dropping to $78.10, still up nearly 4% from previous close.

The FTSE 100 was down 143.10 points or 1.34% at 10,522.78 a few minutes past noon.