Welcome back to ‘s FTSE 100 liveblog.
It’s Tuesday morning and London’s blue-chip index is coming under pressure after the price of oil nudged higher.
The price of Brent crude has crept above $106 per barrel following reports of a US attack on Iran’s Qeshm Island, a key strategic military location controlling the Strait of Hormuz. The reported strike appears to mark the latest in a series of limited military operations allegedly carried out by Washington while diplomatic negotiations remain ongoing.
Elsewhere, indices turned red in Asia after tech came under fresh scrutiny as investors fretted over AI spending and earnings. “Within Asia, Korea and Taiwan equity outflows continue to dominate, given rising concerns around sustainability of the tech cycle,” Bank of America analysts wrote in a note.
Stick with us for all the latest economic and business news and updates.
Stay in the know
Three daily briefings with the key market moves and top business and political stories.
SUBSCRIBE HEREHere’s a few of our top headlines this morning: