Welcome back to ‘s FTSE 100 liveblog.

The FTSE 100 has returned to the red after markets were hit by the spiking price of oil this week that led to a global bond sell-off.

The UK’s 10-year gilt yield rose ten basis point yesterday before giving up some gains to settle seven basis points higher at 5.45 per cent in a blow to the government’s cost to borrow.

Meanwhile, Brent crude – the international benchmark for oil prices – soared above $102 per barrel following reports that the Trump administration had instructed the Pentagon to develop strike options against Iran that could be carried out before the midterm elections.

Here’s a look at some of our top headlines: