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News · 23 April 2026

FTSE 100 closes lower as oil hits $101

FTSE 100 closes lower as oil hits $101

British shares ended Wednesday under pressure as fresh Hormuz attacks rattled markets again. The FTSE 100 closed down 21 points at 10,476, with airline-linked stocks dragged lower after Iran's Revolutionary Guard fired on a Liberia-flagged ship and seized two others in the strait. Brent crude briefly touched $101 a barrel before easing, as traders weighed the Trump ceasefire extension against the widening naval blockade.

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