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Business · 9 September 2026

UK shares fall over inflation worries as oil passes $100 a barrel

UK shares fall over inflation worries as oil passes $100 a barrel

Image by Jomkwan on Freepik

Brent crude reached a price unseen since July after both the US and Iran attacked ships on Wednesday. The higher price lifted energy companies like BP and Shell, but it pulled down major banks including HSBC and Barclays. The main FTSE 100 index lost 0.42% as traders wait for important inflation data from America later this week.

Reported by Reuters · How we write briefs

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