UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit

London shares slipped at the open on Thursday. The FTSE 100 dropped 0.7% to 10,281.08, while the FTSE 250 shed 0.4% to 22,287.39. Brent crude topped $100 a barrel for a short stretch following renewed Gulf shipping attacks, dragging the indexes lower for a second day and keeping traders stuck on energy news.

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Oil Prices
Stock Market

Oil prices jump on Iran deal jitters as Brent nears $73; OPEC+ meeting next

Crude prices climbed Friday, with traders on edge over possible supply snarls from the Middle East as U.S.-Iran friction escalated. West Texas Intermediate advanced 2.2% to $66.66 a barrel. Brent matched the move, up 2.2% at $72.43 as of 12:38 p.m. ET, tracking a buildup of U.S. military ships and aircraft in the area.

27 February 2026

Energy Markets·LSE:TCAP·Oil Prices·SWX:BAER