FTSE 100 Falls on Tuesday
2026-07-14 07:37
By
Agna Gabriel
1 min. read
The FTSE 100 edged lower on Tuesday as renewed US-Iran tensions pushed oil prices higher, with gains in energy and mining stocks outweighed by broader market weakness.
President Donald Trump said the US would reinstate a blockade on Iranian vessels using the Strait of Hormuz and seek payments on all other cargo transiting the waterway.
Banking stocks declined, with HSBC, Lloyds Banking and Barclays down around 0.6%, NatWest losing 0.9%, and Standard Chartered falling more than 1%.
Defence names also weakened, with Rolls-Royce down 2% and BAE Systems slipping 0.6%, while Unilever, BAT, GSK and AstraZeneca also traded lower.
AstraZeneca announced an exclusive global licensing agreement for its lung cancer treatment Zegfrovy in a deal worth up to $1.5 billion.
On the upside, Shell rose 1.6% and BP gained 2.7% after reporting stronger refining margins, while Rio Tinto, Glencore, Anglo American and Antofagasta each advanced more than 1%.