FTSE 100

Key insight

10,711 sits below Tuesday close of 10,811 — 100-point intraday drop driven by Brent near $100 and US-Iran tensions. Hold 10,650 or next leg targets 10,550 50-day MA.

Broken below 10,750 intraday support; oil near $100/bbl, UK 10-yr gilt above 5.21%, and Fed meeting Sep 15–16 all compressing FTSE multiples.

Main risk

Brent crude above $100 / US-Iran escalation

Brent briefly topped $100, highest since July; Saudi facility attacks risk sustained supply shock, lifting gilt yields and dragging FTSE consumer & industrial stocks.