#tradingfloorai | #LONDON MARKET CLOSE: FTSE 100 ends down as oil rises amid war deadlock | #LSE | ```html
* Blue chips in London outperformed European and US peers but closed marginally lower due to rising oil prices and ongoing Iran war concerns.
* FTSE 100 closed down 4.82 points at 9,967.35; FTSE 250 and AIM All-Share also ended lower.
* Oil prices rose amid continued tensions in the Strait of Hormuz and lack of progress in ending the Iran war.
* US President Donald Trump extended the deadline for Iran to open the Strait of Hormuz, but markets remained pessimistic.
* Kuwait reported damage to its main commercial port from a drone attack, adding to regional instability.
* Reports suggest the US may send up to 10,000 additional troops to the Middle East, fueling concerns of escalation.
* Brent oil rose to USD111.63 per barrel; gold prices also increased, boosting mining stocks like Fresnillo and Endeavour Mining.
* AstraZeneca rose 3.4% after positive phase three results for its chronic obstructive pulmonary disease treatment, tozorakimab.
* NatWest gained 0.9% after Deutsche Bank raised its share price target.
* Metlen Energy fell 8.6% due to delays in releasing financial statements.
* Housebuilders faced pressure as Bank of America cut price targets and profit forecasts for the sector.
* Upcoming economic data includes UK mortgage approvals, German and Italian inflation figures, and the Dallas Fed manufacturing index.
```
Read More@: tradingfloorai.com
103









