FTSE 100 Live: Stocks soar and oil dips as Trump says war is ‘very complete’ March 10, 2026 Good morning and welcome back to the City PM liveblog. It was a day of whiplash for global markets as they kicked off the new week. Stock markets from Europe to Asia and Wall Street sunk into the red on open as the price of oil rose at the fastest rate in six-years. Brent crude, [...]
Cold wind of reality exposes Britain’s myths…and mistakes March 10, 2026 Crises reveal, and the illuminating effects of the latest Middle East war should leave us shuddering and ashamed. The nature of Keir Starmer’s government has been revealed; obsessing over the finer points of international law when our principal ally asked for our help. Starmer’s position has been exposed, too, with briefings suggesting he was more [...]
Oil shock will be felt well beyond energy markets March 10, 2026 Energy shocks rarely remain confined to energy markets. They propagate through bond markets, fiscal balances and inflation expectations, says Helen Thomas As Winston Churchill once warned: “The statesman who yields to war fever must realise that once the signal is given he is no longer the master of policy, but the slave of unforeseeable and [...]
Kwasi Kwarteng: Labour ‘at risk’ without more tax rises amid bond jitters March 9, 2026 The government risks being plunged into crisis unless it prepares for another bruising round of tax hikes to cover sharp rises in energy subsidies, former chancellor Kwasi Kwarteng has warned. In an interview with City PM, Kwarteng said taxes could be put up as soon as November if the government pushes ahead with proposals for [...]
‘Terrifying’: Iran threatens $200 oil price if US-Israel strikes continue March 9, 2026 A spokesman for the Iranian military has given a chilling warning that the cost of a barrel of oil could rocket to $200 if the war with Israel and the US continues. The price of oil has continued to surge amid escalating tensions in the Middle East, which have triggered strikes on production sites and [...]
Oil importing markets’ share prices slide amid Iran energy crisis March 9, 2026 Oil importing markets across Asia and Europe suffered a sharp stock sell-off in early morning trading, after crude oil prices rocketed to their highest levels in four years amid the US-Israel war with Iran. The price of oil breached the $100 (£74.90) mark for the first time since the 2022 energy crisis, which was triggered [...]
Whether Trump is right or wrong, peace with Iran was never on the table March 9, 2026 Donald Trump seems to have no idea whether his war with Iran is about nuclear capabilities or regime change, but what’s certain is that the brutal theocracy is a threat to Britain, says Eliot Wilson “War, what is it good for?” asked Edwin Starr. He answered his own question: “absolutely nothing”. There are shareholders of [...]
Rolls-Royce shares slide as FTSE 100 plunges amid Iran war March 9, 2026 A dramatic stock plummet from blue-chip giant Rolls-Royce helped drag the FTSE 100 deeper into the red on Monday morning as fears surrounding the economic impact of the Iran war ramped up. Shares in the aerospace giant were down as much as five per cent at open, before clawing back some gains to a three [...]
Global markets warned of ‘biggest energy crisis’ in modern history after oil surge March 9, 2026 Global economies are facing warnings over what could the “biggest energy crisis” in modern history after the price of oil breached the $100 mark for the first time since the energy crisis in 2022. Brent crude, the international benchmark for oil, surged over 25 per cent to highs of $118 per barrel as the week’s [...]
G7 ministers to discuss joint release of emergency oil reserves March 9, 2026 G7 finance ministers are set to discuss a possible joint release of petroleum from reserves coordinated by the International Energy Agency in an emergency meeting on Monday, as they look to tackle surging oil prices amid the conflict in the Gulf. Ministers will hold a call with International Energy Agency’s (IEA) executive director Faith Birol [...]
