Glencore share price today: GLEN steadies as Jefferies backs miners amid Iran war jitters
Glencore shares rose 0.1% to 527.0 pence in early London trading Wednesday after a sharp market pullback. Analysts cited the Iran conflict and surging energy prices as drivers for commodity stocks, with Jefferies noting potential supply risks for metals. The FTSE 100 fell 2.8% Tuesday as traders trimmed bets on a Bank of England rate cut. Investors remain focused on energy prices and UK monetary policy signals.