FTSE 100 Live: Stocks to fall as Strait of Hormuz comes under fire
On Wednesday morning, October 7, 2026, global energy markets reacted sharply to escalating geopolitical instability in the Middle East. Brent crude, which serves as the primary international benchmark for oil pricing, climbed past the $101 per barrel threshold. This significant price movement follows a series of aggressive actions targeting maritime traffic in the Strait of Hormuz over the last several days. As tensions rise, investors are bracing for a volatile session on the London Stock Exchange, with early indicators suggesting that major indices like the FTSE 100 are poised for a downward trend.
OIL Prices Surpass 101 Dollars
The surge in oil prices stems directly from a deteriorating security situation in one of the world's most vital shipping lanes. According
Source: cityam.com · 2026-10-07