FTSE 100 Falls 0.6% Over Iran Blockade

FTSE 100 dropped 0.6% as US‑Iran tensions rise, with a potential prolonged Iranian blockade of the Strait of Hormuz.
Lloyds Banking Group posted £2 bn pre‑tax Q1 profit, took a £151 m Iran‑risk charge but kept 2026 profit targets.
AstraZeneca beat Q1 forecasts with EPS $2.58, revenue $15.29 bn up 8%, while GSK also exceeded profit and sales expectations.
Jet2 summer bookings rose 7.7% YoY, yet Iran‑related uncertainty may affect peak‑season occupancy despite hedged fuel costs.