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The Independent UK
The Independent UK
Business
Holly Williams

FTSE 100 plummets further as oil prices soar above $100 a barrel

Oil Iran Petrol G7 United Kingdom

London’s FTSE 100 Index experienced a significant downturn on Monday, mirroring global market anxieties as oil prices surged past $100 a barrel for the first time in nearly four years.

The UK’s blue-chip share index dropped 1.7% upon opening, shedding 181 points to reach 10103.71, extending losses from the previous week amid the escalating Middle East conflict.

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