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FTSE 100 Edges Higher Amid US-Iran Tensions and Rate Decision Jitters

Guavy AI Editorial Team
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EUR
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The FTSE 100 rose by 0.06% on Thursday as investors positioned ahead of the European Central Bank's rate decision.

Oil prices and US-Iran tensions in the Persian Gulf provided a cautious backdrop, with projectiles striking several areas along Iran's southern coastline and multiple US military aircraft damaged in Iranian ballistic missile strikes.

ING analysts warned that current signals point to further escalation, keeping upside pressure firmly in place, while noting rising Chinese buying activity in the physical oil market as an additional bullish factor.

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