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FTSE 100 dips as oil tops $100 amid US-Iran tensions and UK consumer confidence falls

Market News
23 Apr 2026
Proactive Investors - Finance
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The FTSE 100 fell 19 points to 10,457 as oil prices climbed above $103 a barrel due to ongoing tensions between the US and Iran, impacting market sentiment. UK consumer confidence dropped to its lowest since October 2023, reflecting concerns over energy prices and economic outlook amid the Middle East conflict. Despite mixed signals from the UK flash PMI showing some economic resilience, uncertainty around peace talks and rising costs continue to weigh on markets. Investors are closely watching developments in the US-Iran negotiations and the potential economic impact of sustained high oil prices.

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