US and UK stocks fall as oil hits $101 and yields stoke inflation fears

Sep 8, 2026 16:45 (47d ago)

US indexes and the FTSE 100 declined as higher oil prices, bond yields and renewed Middle East fighting intensified inflation concerns.
Brent crude reached $101 a barrel, while the FTSE 100 fell more than 1% and US indexes dropped between 0.3% and nearly 1% across reported snapshots.
The United States destroyed five Iranian crude-carrying tankers after an attempted strike on a US Navy warship, while energy shares gained and financial, consumer and industrial stocks weakened.

US and UK stocks declined during a holiday-shortened week as renewed Middle East fighting drove Brent crude to $101 a barrel, raised inflation concerns and pushed bond yields higher. The FTSE 100 fell more than 1% to a seven-week low, while one US market snapshot showed the Dow down 0.52%, the S&P 500 down 0.3% and the Nasdaq down 0.44%; a later account put the S&P 500 and Dow declines at about 0.5% and the Nasdaq 100 loss near 1%. The United States destroyed five Iranian crude-carrying tankers after an attempted strike on a US Navy warship, while Tehran fired missiles toward Jordan and warned vessels in the Persian Gulf. Energy shares gained in the UK, while US technology, healthcare and travel stocks were mixed. Inflation data due Thursday and Friday could influence expectations for next week’s Federal Reserve meeting.