Bloomberg
FTSE 100 Live: UK Stocks Poised to Lag as Oil Falls on Iran Optimism
Monday, August 3, 2026
The FTSE 100 index was set to open lower as crude oil prices declined following reports of progress in nuclear negotiations with Iran. Brent crude fell to $78 per barrel from $82 the previous session. Energy sector stocks, which represent a significant portion of the FTSE 100, typically decline when oil prices drop. The index was expected to underperform other major European markets on the day of the report.