{"id":187297,"date":"2026-07-02T09:59:26","date_gmt":"2026-07-02T09:59:26","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/187297\/"},"modified":"2026-07-02T09:59:26","modified_gmt":"2026-07-02T09:59:26","slug":"ftse-100-live-stocks-rally-as-oil-hits-pre-iran-war-levels","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/187297\/","title":{"rendered":"FTSE 100 Live: Stocks rally as oil hits pre-Iran war levels"},"content":{"rendered":"<p>\t\t\tThursday 02 July 2026 6:33 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tThursday 02 July 2026 9:05 am\n\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/07\/oil-and-gas-1.webp\" class=\"media \" alt=\"The UK could enjoy a 50 per cent production boost without breaking its net-zero pledges\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tOil is reaching pre-war levels.\t<\/p>\n<p class=\"wp-block-paragraph\">Welcome back to the City AM liveblog.<\/p>\n<p class=\"wp-block-paragraph\">The peace relief rally across markets ground to a halt yesterday as investors were rocked by new tensions in the Middle East that threatened all-out war re-emerging between the US and Iran. <\/p>\n<p class=\"wp-block-paragraph\">Negotiations were handed a blow as Donald Trump\u2019s envoys Steve Witkoff and Jared Kushner arrived in\u00a0Qatar on Tuesday\u00a0to meet mediators, but no direct talks went on to take place. Iran claimed there had been no plan for talks.<\/p>\n<p class=\"wp-block-paragraph\">The Wall Street Journal reported that <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116431297579272777?__cf_chl_rt_tk=_Vc5MkzRVJP5E3UPZofgfXYWEQYWmEkHN9b0bX2s7rc-1782970389-1.0.1.1-10dbQ_qOy_GCVWhFtUZjHY_Fgp4FnT8sxtf_Ky_9fpo\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Trump<\/a> had been briefed on proposals to return to war, but opted to continue on the path pursuing peace for now.<\/p>\n<p class=\"wp-block-paragraph\">It follows both sides having exchanged fire since the end of last week, stemming from an Iranian drone attack on a cargo ship travelling through the Strait of Hormuz. The US hit back with retaliatory strikes on \u201cmilitary surveillance infrastructure, communications systems, air defence sites, drone storage facilities and minelayer capabilities\u201d.<\/p>\n<p class=\"wp-block-paragraph\">Tensions have remained heightened around the Strait of Hormuz, with Iran refusing to give up control of the narrow waterway.<\/p>\n<p class=\"wp-block-paragraph\">\u201cHormuz is defined under Iran\u2019s command, not Centcom. A military summit in Bahrain cannot establish legal order and security for the Persian Gulf,\u201d Iran\u2019s deputy foreign minister Kazem Gharibabadi said.<\/p>\n<p class=\"wp-block-paragraph\">Despite this, some uptick in traffic flowing through the strait has led to oil falling to its lowest level since late February.<\/p>\n<p class=\"wp-block-paragraph\">Brent crude \u2013 the international benchmark for oil prices \u2013 tumbled to $71 per barrel on Thursday morning, with the US claiming crude flows through the strait had exceeded 10m barrels per day with the support of American military.<\/p>\n<p class=\"wp-block-paragraph\">Oil exports from the UAE have also returned to pre-war levels with the help of workarounds.<\/p>\n<p class=\"wp-block-paragraph\">We\u2019ll be bringing you the latest market updates and analysis.<\/p>\n<p>Here\u2019s a few of our top headlines this morning<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/ftse-100-live-stocks-to-drop-as-trump-warns-takes-two-to-tango-on-iran-peace\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">As it happened: Stocks mixed as Trump warns takes \u2018two to tango\u2019 on Iran peace<\/a><\/p>\n<p>The liveblog has ended.<\/p>\n<p>No liveblog updates yet.<\/p>\n<p>Load more<\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Thursday 02 July 2026 6:33 am \u00a0|\u00a0\u00a0Updated:\u00a0 Thursday 02 July 2026 9:05 am Oil is reaching pre-war levels.&hellip;\n","protected":false},"author":2,"featured_media":187298,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[14791,19355,3494,43511,328,35338,56093,38,1170,149,2272,44018,44017,44019,16575,37232,44020,44021,44022,44023,44024,44025,44026,44027,44028,44029,44030,34,342,53047,56094,207,46445,49,816,187,56095,42,213,123,44036,12130,44037,1395,44038,261,5345,44039,44805,2480,7485,2676,12258,795,56096,56097,570,392,2059,30562],"class_list":["post-187297","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-ftse","tag-banking","tag-big-oil","tag-bond-markets","tag-business","tag-capital-markets","tag-currys","tag-donald-trump","tag-economics","tag-financial-markets","tag-ftse-100","tag-ftse-100-boss","tag-ftse-100-live","tag-ftse-150","tag-ftse-250","tag-ftse-350","tag-ftse-aim","tag-ftse-all-share","tag-ftse-fledgling","tag-ftse-main-market","tag-ftse-shares","tag-ftse-small-cap","tag-ftse-stocks","tag-ftse-trading","tag-ftse-update","tag-ftse100","tag-ftse250","tag-iran","tag-iran-conflict","tag-london-stock-market","tag-londonu2019s-stock-market","tag-markets","tag-markets-live","tag-middle-east","tag-middle-east-conflict","tag-middle-east-war","tag-middle-es","tag-news","tag-oil","tag-oil-and-gas","tag-oil-and-gas-services","tag-oil-crisis","tag-oil-major","tag-oil-majors","tag-oil-price-cap","tag-oil-prices","tag-oil-refinery","tag-oil-sector","tag-oil-services","tag-oil-supply","tag-oil-well","tag-rachel-reeves","tag-retail","tag-stock-market","tag-stock-market-float","tag-stock-market-update","tag-stock-markets","tag-trump","tag-uk-economy","tag-uk-government"],"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/187297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=187297"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/187297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/187298"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=187297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=187297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=187297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}