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FTSE 100 falls as US bond yields hit a 24-year high on fears of further interest rate hikes

From the Newshound archive · first published 29 September 2026.

Brent crude fell to $104.44 a barrel as slim hopes of diplomacy eased oil prices, with doubts growing that any deal can be struck before US mid-term elections in five weeks.
Brent crude fell to $104.44 a barrel as slim hopes of diplomacy eased oil prices, with doubts growing that any deal can be struck before US mid-term elections in five weeks.

Wall Street also slipped, with the Dow Jones down 0.7% at London's closing bell. Oil prices eased after Trump said he expects Iran talks to continue, though there is reportedly private pessimism about reopening the Strait of Hormuz before US mid-term elections in five weeks.

Brent crude fell to $104.44 a barrel from $107.60 the previous day as diplomacy offered slim hopes.

There are reportedly doubts that a deal can be struck before US mid-terms, just five weeks away.

Prime Minister Andy Burnham used his Labour conference speech to announce the pensions triple lock will lose its earnings link from 2030 to fund social care reform.

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