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  "path": "/money/ftse-oil-prices-iran-trump-peace-plan",
  "publishedAt": "2026-03-26T09:17:14.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Economy alert: Fuel prices to rise as Russia loses 40% of oil export capacity in Ukraine strikes",
    "Pensioners could be owed compensation after facing up to 15-months in transfer delays",
    "UK firms to publish ethnicity and disability pay gaps under new Labour plans",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nThe Ftse 100 fell into negative territory on Thursday morning as oil prices climbed above $105 per barrel following Iran’s rejection of a US peace proposal.\n\nBrent crude rose 2.6 per cent to $104.96, supported by disruption to shipping flows through the Strait of Hormuz and fading hopes of a ceasefire.\n\n###\n\n\n\n\nLondon’s blue-chip index dropped 0.6 per cent, falling 57.20 points to 10,049.64, reversing gains recorded over the previous two sessions.\n\nIran’s foreign minister said the country has \"no intention of negotiating for now\" with the United States, weakening investor optimism seen earlier in the week.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nDeutsche Bank said President Donald Trump’s five-day deadline for postponing strikes against Iranian energy infrastructure is set to expire in just over 48 hours.\n\nThe bank added that thousands of US troops have reportedly been deployed to the region.\n\nNext plc bucked the wider market trend, with shares rising more than six per cent after reporting what it described as an \"exceptional\" year.\n\nAnnual profits increased 14.5 per cent to £1.16billion, while sales rose 10.8 per cent to £7billion for the year ending in January.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThe retailer said it has set aside £15million to cover additional costs linked to the Middle East conflict, including higher fuel and air freight expenses, assuming disruption continues for three months.\n\nChief executive Simon Wolfson said: \"In the longer term, and if the conflict persists, the costs are likely to be reflected in higher prices to consumers and disruption to our supply chain, both of which are likely to suppress sales.\"\n\nMarks & Spencer shares also rose, gaining 4.6p to 338.4p following the update from Next.\n\nCurrys plc shares fell 10 per cent to 118.2p on the Ftse 250 after chief executive Alex Baldock said he would step down after eight years in the role.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Economy alert: Fuel prices to rise as Russia loses 40% of oil export capacity in Ukraine strikes\n  * Pensioners could be owed compensation after facing up to 15-months in transfer delays\n  * UK firms to publish ethnicity and disability pay gaps under new Labour plans\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nMr Baldock is leaving to pursue a new opportunity, though the company has not disclosed further details.\n\nBoard chair Ian Dyson said: \"Currys is very well positioned for future success with a strategy that is clearly working, great financial health and a very strong leadership team.\"\n\nMr Baldock will remain in post while a successor is appointed.\n\nThe company said trading since January has met expectations, with adjusted pre-tax profit forecast between £180million and £190million for the year to May, representing growth of 11 to 17 per cent.\n\n###\n\n\n\n\n###\n\n\n\n\nCo-op Group chief executive Shirine Khoury-Haq is also stepping down following a challenging year.\n\nThe mutual retailer reported an underlying pre-tax loss of £126million for the year to January three, compared with a £45million profit the previous year.\n\nRevenues fell 2.3 per cent to £11billion, with a cyber attack accounting for a £285million impact on sales.\n\nThe leadership change follows reports in February of senior managers raising concerns about a \"toxic\" workplace environment.\n\nCo-op said it stood by its culture and leadership following those claims.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "Ftse 100 plummets as oil prices surge above $105 after Iran rejects Donald Trump's peace proposal"
}