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  "path": "/money/economy-ftse-100-iran-oil",
  "publishedAt": "2026-06-01T16:23:07.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "British manufacturing growth hits strongest level in four years",
    "Major British sports brand collapses into administration with 42 redundancies",
    "'£100billion could flee Britain' as Labour wealth tax fears spark panic among investors",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nThe Ftse 100 has collapsed back into the red in response to Iran exiting peace talks with the US, which resulted in a spike in oil surges immediately after.\n\nLondon's benchmark stock market index fell from just north of 10,400 points to around the 10,320 mark as trading began to wind down for the day.\n\n###\n\n\n\n\nThe price of crude oil has jumped back to around $93 per barrel amid ongoing uncertainty over how the US-Iran war will come to an end.\n\nLast week, it was understood a peace talk between President Donald Trump's administration and the Islamic Republic was being finalised\n\n###\n\n\n\n\n###\n\n\n\n\nHowever, reports suggest the White House is calling for key changes before the deal is signed to ensure the Strait of Hormuz remains open.\n\nThe key trading route for vassals has remained effectively closed since the start of the war, which has impacted the wider global economy as it used to transport 20 per cent of the world's natural gas and oil.\n\nUnder the latest rumoured proposal, there would be a 60-day cessation on fighting between the US and Iran, moves to reopen the Strait of Hormuz, and a framework to restart talks regarding the Islamic Republic's nuclear capacity.\n\nYesterday, Iran's chief negotiator Mohammad Bagher Ghalibaf, signaled his Government would not sign a deal that hurts the rights of Iranians.\n\n###\n\n\n\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * British manufacturing growth hits strongest level in four years\n  * Major British sports brand collapses into administration with 42 redundancies\n  * '£100billion could flee Britain' as Labour wealth tax fears spark panic among investors\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nA White House spokesperson said: \"President Trump will only make a deal that is good for America and satisfies his red lines. Iran can never possess a nuclear weapon.\"\n\nLooking at the Footsie, easyJet plc posted the biggest gains of 8.9 per cent, followed by Sage Group plc, which jumped up 4.5 per cent.\n\nToday's biggest Ftse loser was Babcock International Group, which saw a 2.5 per cent per cent during trading hours.\n\nTom Stevenson, an investment director at Fidelity International, said: \"As meteorological summer arrives, the mid-year news lull has come early, with very little for investors to focus on in terms of economic data or company news.\n\n###\n\n\n\n\n###\n\n\n\n\n\"Even the big geopolitical news story in the Gulf seems to have taken a pause, with neither side showing much sign of blinking.\n\n\"That has left investors sticking to the prevailing positive AI narrative as the main driver of markets. And last week provided a ninth consecutive weekly rise in global stocks, the best performance since 2023 and among the longest winning streaks of the post-war era.\n\n\"There may be growing talk of a valuation bubble, concerns about an oversupply of new equity as the big AI IPOs get underway, and fears of persistent inflation, but the glass remains half full for investors.\n\n\"The rally is supported by higher earnings and rising margins and for now that’s enough to keep the bull market on track.\"\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "Ftse 100 collapses as Iran exits peace talks and oil prices surge"
}