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FTSE 100 dips as Trump sets Iran deadline, oil prices rise amid Middle East tensions

Market News
07 Apr 2026
Proactive Investors - Finance
View Source
Bearish
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The FTSE 100 fell by 82 points to 10,354 as investors reacted to escalating tensions in the Middle East ahead of President Trump's 1am GMT deadline for Iran to reopen the Strait of Hormuz. Defence and aerospace stocks led the decline, while oil giants BP and Shell saw gains amid elevated oil prices around $111 per barrel. Market uncertainty remains high due to ongoing strikes and missile attacks in the region, with analysts noting the potential for either a market rally if a deal is reached or further sell-offs if conflict escalates. Investors are advised to watch for developments on the Iran deal and oil supply, which will heavily influence market direction in the near term.

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