FTSE 100 rises as energy stocks gain amid Middle East tensions

The UK’s blue-chip share index hovered near a two-week high on Monday, as energy stocks rose on the back of escalating tensions in the Middle East, although caution persisted ahead of policy outcomes from major central banks as well as earnings this week.

The FTSE 100 (.FTSE), opens new tab edged 0.1% higher by 0812 GMT, holding near its strongest level since Jan. 12, as shares of oil majors (BP.L), opens new tab and Shell (SHEL.L), opens new tab rose nearly 2%.

Crude prices , climbed after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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