FTSE 100 fell 0.1% as UK March inflation hit 3.3% and Iran‑Iran tensions spooked markets.
Iran’s Revolutionary Guards seized two container ships and fired on a third in the Strait of Hormuz, heightening geopolitical risk.
US President Donald Trump announced an indefinite cease‑fire extension, maintaining the naval blockade and warning Iran of continued pressure.
Fuel prices surged to a three‑year high, driving the inflation rise and adding cost pressure to transport and food sectors.