$LON%3AAAL

The FTSE 100 has experienced a slump as a result of rising oil prices following attacks in Iran, which have heightened geopolitical tensions. The Bank of England (BoE) opted to hold interest rates steady, which did not alleviate concerns among investors about inflationary pressures related to energy costs. Stocks in the energy sector might see increased volatility due to the fluctuations in oil prices. Meanwhile, companies more sensitive to energy costs and inflation may experience downward pressure. Overall market sentiments are leaning bearish amid these developments.