FTSE 100 Live: Stocks to inch up as oil fluctuates over Middle East developments

cityam08-06

Welcome back to City AM's FTSE 100 live blog Welcome back to the City AM liveblog.Oil prices have fluctuated around the $80 mark over the last 24 hours following mixed developments coming out of the ...

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This followed a brief rise higher on Wednesday after an attack by the Iran-backed Houthi militants in Yemen claimed they targeted a Saudi oil tanker in the Gulf of Aden.Tehran’s foreign ministry spokesman Esmaeil Baqaei said a deal with Oman was “in the final stages” but warned it would not guarantee safe navigation through the strait.\n\nBaqaei argued security remained impacted by the US blockade of Iran’s ports. Tehran officials have also said the US were not involved in advancing talks in a move that contradicts rhetoric coming out of the White House.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n“We were all set for the biggest attack since World War II, and they called me, and they said, ‘Please don’t do it, let’s talk,'” Trump said on Wednesday, referencing cancelled strikes by the US from Sunday.The President claimed the US was “knocking the hell out of” Iran but added he would “rather make a deal, because I don’t want to kill people.”Trump later reiterated “a lot of progress had been made” to reopen the Strait of Hormuz and hinted an announcement could be made soon. \n\nWe’ll be bringing you all the latest market updates and analysis.Here’s a few of our top headlines this morning\nTritax Big Box taps investors for £350m London data centre splurge\nTikTok loses court battle over £12.7m child privacy fine\nQatar Racing takes over sponsorship of £4.4m British Champions Day\nInvestors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans\nSydney Opera House and Gherkin designer Arup loses finance chief","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657137504","isCrawlerRequest":true}