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The FTSE 100 gave up early advances to close lower on Thursday as the oil price jumped once more amid the ongoing Middle East crisis.
“While images of war continue to roll across screens around the globe, and Iranian missiles and drones attack other countries, markets have little upon which to base a sustained rally,” said Chris Beauchamp, chief market analyst at IG.
The FTSE 100 index ended down 153.71 points, 1.5%, at 10,413.94.
The FTSE 250 closed down 196.47 points, 0.9%, at 22,700.20 and the Aim All-Share dropped 6.20 points, 0.8%, at 788.36.
Financial markets continued to be rattled by the Iran conflict, which entered its sixth day with seemingly no immediate prospect of resolution.
As inflation exp
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