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Evening Standard
Evening Standard
Jeremy Cutler

Stocks retreat as oil surge raises inflation fear

Inflation Oil Rachel Reeves the Middle East United States Iran Joshua Mahony OBR Middle East Antofagasta
Chancellor of the Exchequer Rachel Reeves delivered her spring statement on Tuesday (House of Commons/UK Parliament/PA) - (PA Wire)

The FTSE 100’s decline accelerated on Tuesday, alongside European peers, amid fears that soaring energy prices will reignite inflationary pressures and hamper economic growth.

“European markets are being hit hard, as the full inflationary impact of the war in Iran truly comes home to roost,” said Joshua Mahony at Scope Markets.

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