FTSE 100 Live: Stocks to drop after oil reaches $100 on Red Sea strikes

Welcome back to the City AM FTSE 100 liveblog. Oil hit a two-month high on Thursday, after reaching $100 for the first time since May. Brent crude oil prices surged following attacks by the Houthis, an Iran-backed militia based in Yemen, on two Saudi Arabian tankers. The recent surge in energy pricing has brought markets back to…