The FTSE 100 Index tumbled for the third consecutive day, reaching its lowest level since January 20. It retreated by over 7% from its highest point this year and is nearing its correction zone by falling by 10% from the year-to-date high. The Footsie Index retreat mirrored that of the other global indices, which continued their downward trend, with the German DAX falling by over 2.15%. Other European indices like CAC 40, Stoxx 50, and IBEX tumbled by over 2%. This price action was triggered by the ongoing war in Iran that has pushed crude oil and natural gas prices to the highest level in years. Brent jumped to $120 and then pulled back to $105. Similarly, the West Texas...
FTSE 100 Index today: BP, Shell shares jump as most constituents slump
