Oil Rally Sends FTSE 100 Lower As London Stalls
The FTSE 100 fell 0.97% at the open Thursday, ending an eight-session rally as Brent crude surged nearly 4% after new U.S.-Iran tensions. SSE dropped after reporting a 5% fall in annual earnings, weighing on utilities and miners. The FTSE 250 also slipped 0.29%. Oil and geopolitical risks drove risk-off trading across global markets.