FTSE 100 Live: Stocks slide as oil spikes after US launches 80 strikes on Iran

FTSE 100 opened sharply lower, tumbling more than 80 points to 10,584, with only a dozen stocks in the index trading in green. The declines were spread across several large constituents, including Melrose Industries, Compass, Fresnillo and Croda, while the mining sector was broadly weak. AstraZeneca, Rolls-Royce, GSK, NatWest, LSEG and RELX were also down by more than 1%. Oil-led gains stood out: BP rose 2.3%, Centrica was up 1.3%, and Shell added 1%. Earlier in the session, Jet2 announced a £250 million share buyback and reported operating profit slipping 2% to £439.6 million, still at the top end of its April guidance range. Vistry warned it expects a first-half pre-tax loss of about £30 million for the six months to 30 June. The broader market backdrop cited geopolitical risk after Iran-related strikes that, according to Deutsche Bank, have reignited energy-supply and inflation concerns following June 17.