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Evening Standard
Evening Standard
Jeremy Cutler

FTSE 100 ends down as oil rises while Iran war remains in deadlock

Donald Trump Iran Oil United States ACTION AstraZeneca Barratt Redrow Endeavour Mining Persimmon the Bank of America
Financial markets are concerned at the conflict in the Middle East and the rising price of oil (Ben Birchall/PA) - (PA Wire)

Blue chips in London outperformed European and US peers on Friday, but closed marginally lower, as oil prices rose once more amid few signs of progress in ending the Iran war.

“The simple fact is that sentiment is likely to stay negative for as long as the Strait of Hormuz remains unsafe for shipping and controlled by Iran,” commented David Morrison, senior market analyst at Trade Nation.

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