FTSE 100 Tumbles as Oil Prices Near $100 a Barrel

The FTSE 100 took a hit on September 9, 2026, as oil prices surged towards $100 per barrel. This increase sparked worries about inflation and interest rates, causing investors to become cautious.

Oil prices rose after a conflict between the US and Iran and attacks on Saudi energy facilities. The rise in oil prices makes fuel, transport, and manufacturing more expensive, contributing to higher inflation.

Energy companies are benefiting from the higher crude oil prices, with European energy stocks rising 1% despite the overall European market falling. However, investors remain concerned about the impact of higher energy prices on UK inflation and interest rates.