FTSE 100 Falls to 7-Week Low

2026-09-09 16:03 By Agna Gabriel 1 min. read

The FTSE 100 fell more than 1% to a seven-week low on Wednesday as Brent crude surged to $101 a barrel, its highest level since May, amid renewed fighting in the Middle East.

The US destroyed five Iranian crude-carrying tankers following an attempted strike on a US Navy warship, while Tehran fired missiles towards Jordan and warned vessels in the Persian Gulf.

Energy stocks were among the few gainers, with Shell up 0.2% and BP rising 0.7%.

Aberdeen Group edged lower after earlier gaining more than 2% following the appointment of Torbjörn Magnusson as chairman, subject to regulatory approval.

Elsewhere, financials, consumer staples, industrials and materials came under heavy selling pressure.

HSBC fell nearly 2%, while Unilever and BAT dropped 1.6% and 1.3%, respectively.

Rolls-Royce declined 2.5%, Rio Tinto fell 1.5% and Glencore lost 1%.

AstraZeneca was also under pressure, falling 1.8%.



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