"The FTSE 100 closed down 19.45 points, or 0.2 per cent, at 10,457.01, having earlier fallen to an intraday low of 10,361.45."
"Donald Trump struck an increasingly combative tone over the crisis, stating he had ordered the Navy to 'shoot and kill' any vessels suspected of laying mines in the Strait of Hormuz."
"Reports suggested an Iranian source had indicated preparations for talks with Washington in Pakistan could lead to a breakthrough within days, offering a potential route to de-escalation."
"Joshua Mahony warned that markets may be entering a phase where oil prices grind higher rather than reacting sharply to individual developments."
The FTSE 100 fell 19.45 points to 10,457.01 amid concerns over the Middle East conflict. The FTSE 250 dropped 207.49 points, reflecting broader market unease. President Trump’s aggressive stance on naval operations in the Strait of Hormuz heightened tensions. Despite this, there were indications of potential diplomatic talks between Iran and the US. Analysts noted that mixed messages from both sides were causing investor caution, leading to a focus on downside risks. Brent crude oil prices rose, reflecting fears of prolonged market disruptions.
Read at London Business News | Londonlovesbusiness.com
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