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Evening Standard

Business

Emma Curzon

FTSE 100 ends higher as oil price gains moderate

IG Donald Trump Oil NATO Strait of Hormuz United States Sir Keir Starmer Chris Beauchamp Fatih Birol London

Oil pries continue to dominate the markets, as Nato and other Western allies pushed back against Donald Trump’s demand for military assistance to reopen the Strait of Hormuz (Peter Byrne/PA) - (PA Archive)

Stock prices in London closed mostly lower on Monday, after a busy day for those observing the Middle East conflict, with oil prices staying above the 100 US dollar mark.

IG chief market analyst, Chris Beauchamp, said: “Earlier today, it looked like we were poised for a fresh outbreak of risk aversion as Brent pushed through the magic 100 dollar level.

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