FTSE 100 Dips as Oil Prices Rise and Global Trade Risks Persist

The FTSE 100 index closed at 10,811.66 points on Tuesday, down 0.097% from Monday's finish of 10,822.13.

The index opened flat before slipping to an early low near 10,778.06, recovering through the mid-afternoon to a session high of 10,850.73, and then fading again into the close.

Oil prices rose 2% on the day, tied to escalating Middle East tensions that have periodically rattled global energy markets throughout 2026.

The FTSE 100's heavy weighting toward energy majors means a rise in oil prices is a double-edged sword, supporting integrated oil producers while stoking inflation concerns that weigh on rate-sensitive sectors such as housebuilders and retailers.