London’s FTSE 100 fell 0.6% to 10,816.59 points by 1022 GMT on Tuesday as Brent crude approached $99 a barrel after Tehran-backed Houthis attacked energy facilities in Saudi Arabia. Higher oil prices revived inflation concerns and contributed to multi-month highs in global bond yields last week, prompting markets to reassess interest-rate expectations. LSEG data showed traders pricing a 60% chance of a U.S. rate hike next week, while expecting the Bank of England to hold rates. A U.S. inflation report and UK economic growth data could influence those bets. Energy shares rose, with BP up 1.5% and Shell 0.7%, while banks declined 0.8%. Consumer-facing stocks weakened after Dunelm plunged 12.5% following a 2027 profit warning attributed to hot summer weather, and British retail-sales growth slowed to a four-month low in August. Miners gained as copper reached a record high. Separately, British retailers said they would seek to create 100,000 jobs for young people not in employment or education by the 2029 national election.