Shares Dive as Oil Surges Past $100 a Barrel The recent surge in oil prices above $100 a barrel has sent shockwaves through global markets, leaving investors and policymakers scrambling to make sense of the situation.
The Brent crude benchmark breached this threshold after the US military reported strikes on five Iranian oil tankers, prompting a predictable market reaction.
Stock prices in London plummeted, with the FTSE 100 index closing down 1. 3% at 10,670. 06. However, beneath this volatility lies a more complex story.