FTSE 100 Dips as Oil Prices Surge Amid Iran-US Tensions

The London FTSE 100 index dipped in early trade on Monday due to higher oil prices. This is attributed to the ongoing tensions between the US and Iran, which have increased energy costs.

Susannah Streeter, chief investment strategist at Wealth Club, noted that inflationary risks remain high and are being monitored closely by traders. The benchmark Brent crude price has surpassed $97 a barrel, leading to concerns about supply disruptions in the oil market.

Streeter also mentioned the strong US non-farm payrolls report released last week, which is expected to lead to further interest rate hikes by the Fed and Bank of England.