IHG, IAG and Rolls lead falls as oil prices surge to four-week high

Travel stocks in the FTSE 350 fell after oil prices rose to their highest level in more than a month following fresh US military action against Iran. InterContinental Hotels Group (IHG) dropped 3.8% to £157.50, signaling near-term pressure on travel demand expectations as energy costs reset higher.

Analysis

Travel stocks in the FTSE 350 fell after oil prices rose to their highest level in more than a month following fresh US military action against Iran. InterContinental Hotels Group (IHG) dropped 3.8% to £157.50, signaling near-term pressure on travel demand expectations as energy costs reset higher.