Oil Whiplash: Bank of England's Rate Dilemma Amid Iran Truce and FTSE Jitters

The UK economy is at a crossroads this Monday, with Brent crude oil plunging 9% to below $88 a barrel after the US paused strikes on Iran. This sharp reversal from last week's spike to $100 per barrel has provided immediate relief to markets and consumers, but the underlying volatility continues to cast a long shadow over the Bank of England's upcoming rate decision.

Headwinds

• Middle East Uncertainty: The US-Iran ceasefire is fragile, with analysts like...