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    1. Home
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    3. >UK's FTSE 100 climbs on boost from mining and energy stocks
    Finance

    UK's FTSE 100 Climbs on Boost From Mining and Energy Stocks

    Published by Global Banking & Finance Review®

    Posted on March 30, 2026

    2 min read

    Last updated: March 30, 2026

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    Quick Summary

    FTSE 100 rose ~0.6% on March 30, driven by strength in mining and energy stocks as rising commodity prices and resumed operations at Rio Tinto’s Pilbara ports underpinned optimism, though geopolitical tensions in the Middle East kept sentiment fragile.

    FTSE 100 Advances on Mining and Energy Surge Despite Middle East Concerns

    Market Performance and Key Drivers

    March 30 (Reuters) - London's FTSE 100 advanced on Monday, lifted by gains in mining and energy stocks tracking higher commodity prices, though sentiment remained shaky as the Middle East war entered its fifth week.

    The blue-chip FTSE 100 index rose 0.6% as of 0921 GMT, while the midcap FTSE 250 fell 0.5%. Both indexes however, were on track for firm monthly losses. 

    Mining Sector Highlights

    Rio Tinto Leads Gains

    • Rio Tinto rose 3.5%, providing the biggest boost to the benchmark index after the mining giant said operations at three of its four Pilbara iron ore port terminals have resumed after Tropical Cyclone Narelle swept through Western Australia's Pilbara region. 

    Geopolitical Tensions and Market Sentiment

    Middle East Conflict Escalates

    • The Middle East conflict showed no sign of easing, with the Israeli military saying that Iran launched multiple waves of missiles at Israel, and an attack had also been launched from Yemen for only the second time since the U.S.-Israeli war began.

    Energy Sector Performance

    Record Highs for Energy Stocks

    • Energy stocks climbed 1.4% to a record high as crude oil prices remained elevated, with Brent crude headed for a record monthly rise. [O/R]
    Policy Response
    • Britain's finance minister Rachel Reeves will urge G7 counterparts to avoid unilateral measures such as new trade barriers during the Iran war, warning they could worsen energy insecurity and disrupt global supply chains.

    Other Sector Movements

    Travel and Leisure Impacted

    • The travel and leisure sub-index fell 1.1%, on pace for double-digit monthly losses as the Iran war raised fuel-cost fears and disrupted key flight routes, threatening profits.

    Economic Data and Outlook

    Mortgage and Credit Growth

    • Meanwhile, British mortgage approvals rose by more than expected last month and consumer credit grew at a faster pace than in January, Bank of England data showed on Monday, ahead of a potential hit from higher borrowing costs caused by the Iran war.

    Upcoming Reports

    • A domestic fourth-quarter GDP rating and U.S. jobs report for March will be released later this week.

    (Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shinjini Ganguli)

    References

    • Iron ore, LNG ports in Australia’s Pilbara mining hub close as cyclone strikes - Markets - Business Recorder
    • Price of oil

    Table of Contents

    Key Takeaways

    • •Mining stocks, led by Rio Tinto’s ~3.5% gain, were buoyed after Pilbara port operations resumed despite Tropical Cyclone Narelle disruptions (brecorder.com).
    • •Energy names climbed ~1.4% on lingering supply‑risk fears and Brent crude’s rally above $100 driven by the Iran‑Israel war (en.wikipedia.org).
    • •Despite today’s gains, FTSE 100 and FTSE 250 are poised for monthly losses, weighed by travel‑leisure sector weakness, elevated inflation risks, and Middle East uncertainty.

    Frequently Asked Questions about UK's FTSE 100 climbs on boost from mining and energy stocks

    1Why did the FTSE 100 climb on March 30?

    The FTSE 100 rose due to gains in mining and energy stocks tracking higher commodity prices.

    2Which companies were the main contributors to the FTSE 100's gains?

    Mining giant Rio Tinto was a major contributor after resuming operations at key port terminals.

    • Market Performance and Key Drivers
    • Mining Sector Highlights
    • Rio Tinto Leads Gains
    • Geopolitical Tensions and Market Sentiment
    • Middle East Conflict Escalates
    • Energy Sector Performance
    • Record Highs for Energy Stocks
    • Policy Response
    • Other Sector Movements
    • Travel and Leisure Impacted
    • Economic Data and Outlook
    • Mortgage and Credit Growth
    • Upcoming Reports
    3How did the Middle East conflict affect market sentiment?

    The ongoing Middle East war kept market sentiment shaky due to fears over energy and supply chain disruptions.

    4Which sectors underperformed in the FTSE on March 30?

    The travel and leisure sector fell, affected by fuel-cost concerns and disrupted flight routes.

    5What economic data was highlighted in the article?

    British mortgage approvals increased, and consumer credit grew faster than expected, according to Bank of England data.

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