FTSE 100 LIVE Updates: London Shares Rally Alongside Rising Oil Amid Continued Iranian Strikes on Energy Infrastructure

Oil markets and UK stocks are reacting to fresh upheaval in the Middle East. As of March 17, 2026, Brent crude has climbed above $100 a barrel after Iranian‑linked strikes hit key Gulf energy sites and disrupted exports through the Strait of Hormuz. These supply fears are now filtering into global equity markets, with the FTSE 100 in London showing a rally led by energy shares while other sectors wobble amid broader risk sentiment. This mix of geopolitical tension and market moves is reshaping investor behaviour today.