Commodities
FTSE 100 Pulls Back Amid US-Iran Conflict and Oil Volatility
The FTSE 100 index closed at 10,833.15 points on Wednesday, marking its third consecutive day of declines.
The index's performance was influenced by ongoing US-Iran conflict and oil price volatility, with Brent crude trading in a volatile fashion.
Despite the pullback, strategists view it as a healthy pause rather than a shift in the underlying trend, citing the FTSE 100's heavy weighting towards energy and multinational consumer staples.