FTSE 100 Up 0.1% Amid Hormuz Tensions

FTSE 100 edged up 0.1% amid heightened Hormuz tensions and US‑Iran negotiation uncertainty, with sterling at $1.3508.
Crude oil surged 3.37% as the Strait of Hormuz remained largely closed, supporting oil prices amid a US naval blockade.
BP rose 1.12% despite a brief power outage at its Whiting, Indiana refinery that shut one processing unit.
UK consumer inflation pressures eased with Easter promotions and a YouGov‑Citigroup survey showing falling inflation expectations in April.