UK's equity benchmark FTSE 100 is up marginally in positive territory a little past noon on Wednesday, gaining for a third straight day, as oil prices slipped amid easing concerns about supply disruptions. Shares from financial and travel sectors are finding support, while energy stocks are weak.
Oil prices have dropped following Iran reaching an agreement to resume exports via Turkey. Additionally, Iraqi and Kurdish authorities agreed to resume oil exports through Turkey's Ceyhan port, offering some relief to investors worried about supply disruptions caused by the escalating U.S.-Israel war on Iran.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.