FTSE 100 Moderately Lower; Miners, Banks Fall

The UK market’s equity benchmark FTSE 100 slipped on Monday as rising oil prices amid growing tensions between the U.S.-Iran triggered inflation and rate concerns, prompting investors to exit counters.

Middle East tensions rose following Iran rejecting participation in a second round of peace talks with the U.S., citing Washington’s excessive demands, constant shift in stance, contradictions and continuing naval blockade.