UK equities came under sustained pressure, with the FTSE 100 falling sharply as escalating tensions in the Iran conflict drove a surge in energy prices.
Trump escalates Iran stance, warns he’s “no more Mr Nice Guy”
Oil prices pushed higher on renewed geopolitical tensions, with crude breaching $115 after Donald Trump escalated rhetoric over Iran.
Oil markets have surged to fresh one-month highs
Oil prices have risen to a three-week high as of 29 April 2026, supported by escalating tensions in the Middle East and the ongoing blockade of the Strait of Hormuz,
Iran has reimposed restrictions on the Strait of Hormuz
Iran has reimposed restrictions on the Strait of Hormuz, citing the continued US naval blockade of its ports, according to state media.
Oil prices jump as Trump accuses Iran of breaching Hormuz agreement
North Sea oil prices have surged to record levels after Donald Trump accused Iran of breaching an agreement to reopen the Strait of Hormuz.
US stocks slide as Trump escalates Iran rhetoric
US equities fell at the open on Tuesday after Donald Trump warned that a “whole civilisation will die tonight” unless Iran complies with US demands.
Trump launches angry tirade at Iran over Strait of Hormuz
Donald Trump has warned that the US will target additional Iranian infrastructure if the Strait of Hormuz is not reopened before Monday, escalating pressure on Tehran as the conflict intensifies.The
Trump issues stark 48-hour warning to unleash “all hell” on Iran
Donald Trump has warned he will unleash “all hell” on Iran if it fails to comply with US demands within the next 48 hours, as tensions in the Middle East
Mortgage rates hit three-year high as markets react to Iran escalation
UK mortgage holders are facing the highest borrowing costs in three years after Donald Trump signalled an escalation in the Iran conflict.
Diesel tops $200 a barrel as Iran conflict drives surge
Europe’s benchmark diesel contract has climbed above $200 a barrel for the first time since Russia’s invasion of Ukraine, as the Iran conflict shows little sign of easing.
FTSE 100 posts strongest session in nearly a year
Britain’s blue-chip index recorded its best daily performance in almost a year after Donald Trump indicated the US could end the war in Iran “very soon.”
Reeves backs North Sea drilling amid cabinet tensions
Chancellor Rachel Reeves has voiced support for new North Sea oil and gas drilling, a stance likely to heighten tensions with Energy Secretary Ed Miliband.