HSBC Shares Drop >5% Amid US-Iran Tensions

European equities were volatile, with Stoxx 600, DAX and CAC 40 up ~0.2-0.3% while FTSE 100 fell 1.0% on May 5, 2026.
US‑Iran tensions over the Strait of Hormuz, including attacks on merchant ships and a UAE oil terminal, kept Brent at $113.56/barrel, down 0.8%.
HSBC fell over 5% after a $400 million fraud charge dented Q1 profit, while Anheuser‑Busch InBev rose 7.5% on earnings beat.