FTSE 100 Rebounds After 3-Day Decline
2026-03-16 16:57
By
Agna Gabriel
1 min. read
The FTSE 100 rose 0.6% on Monday, rebounding after three consecutive sessions of losses, supported by a pause in the oil rally as hopes grew that more tankers could pass through the Strait of Hormuz and signs that major economies may release additional stockpiles.
Although traffic through the strait remains near a standstill due to the conflict in Iran, US crude eased to around $95 per barrel as a few vessels began moving through the route, reducing concerns over inflationary pressures.
Gold miners performed well with Endeavour up nearly 3% and Fresnillo gaining 0.9%, while banks NatWest rose 1.8% and HSBC Holdings 1.3%.
Energy majors Shell and BP gained more than 1% each, and other heavyweight stocks including Unilever, Rolls Royce and BAT climbed 0.9% to 1.2%, while National Grid fell about 1.1%.