Business · 10 July 2026
Why $76 oil isn't stopping market losses
People could see more market uncertainty as fighting has affected energy shipments through a key sea route, with Brent crude remaining at $76. London's main share index has dropped more than one per cent this week after military action between the US and Iran increased. US Central Command said it helped more than 800 commercial vessels and 380m barrels of crude pass through the Strait of Hormuz.
Reported by City AM · How we write briefs