UK stock market’s benchmark index FTSE 100 tumbled on Tuesday, weighed down by disappointing earnings from HSBC Holdings and escalating tensions in the Middle East as U.S. and Iran indulge in attacks around the Strait of Hormuz.
Iran’s parliament speaker said today that US actions were endangering shipping and energy transit in the Strait of Hormuz. “Shipping and energy transit security have been endangered by the United States and its allies through breaching the ceasefire and imposing a blockade,” Mohammad Bagher Ghalibaf said in a post on X.
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FTSE 100 Slips As Bank Stocks Fall After HSBC’s Weak Results
2026-05-05 11:23:13
