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Ftse 100 sinks 200 points as oil surges past $80 hours before Rachel Reeves delivers spring statement

March 3, 2026

The FTSE 100 index experienced a significant drop of over 200 points, falling to 10,560, amid rising tensions from the ongoing military conflict in the Middle East. This geopolitical unrest has led to a surge in oil prices, with Brent crude surpassing $80 per barrel for the first time since January 2025, closing at $81.16 per barrel.

Ftse 100 sinks 200 points as oil surges past $80 hours before Rachel Reeves delivers spring statement

Credit: Gbnews

Key Highlights

FTSE 100 fell over 200 points to 10,560.
Drop attributed to escalating military conflict in the Middle East.
Brent crude oil prices rose above $80 per barrel.
Oil reached $81.16 per barrel, a four percent gain on the day.
The conflict marks the fourth day of the US and Israel's campaign against Iran.

Sources

Ftse 100 sinks 200 points as oil surges past $80 hours before Rachel Reeves delivers spring statement

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Ftse 100 sinks 200 points as oil surges past $80 hours before Rachel Reeves delivers spring statement

Key Highlights

Sources

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