FTSE 100 ends winning streak amid US and Iran tensions
The FTSE 100 fell 0.75 percent on Thursday as US and Iran airstrikes ended a seven day rally. BT shares dropped while PPHE Hotel Group rose on a takeover bid.
The United Kingdom blue-chip index fell 0.75% on May 28, ending a seven-session winning streak. The FTSE 100 closed at 10,425.96 points as geopolitical friction in the Middle East weighed on investor sentiment. This reversal follows a period of optimism regarding regional ceasefires and a pause in domestic interest rate hikes.
### Geopolitical Friction Halts Market Momentum Renewed hostilities between the United States and Iran clouded the outlook for the Strait of Hormuz, a critical global energy gateway. The two nations traded airstrikes on Thursday, threatening a three-month-old war after a tenuous ceasefire established in early April. The midcap FTSE 250 also dipped 0.26%, retreating from a three-month high.
