FTSE 100 Mixed as Hormuz Tensions Persist

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On April 28, 2026, the FTSE 100 held steady as Hormuz tensions continued to weigh on sentiment, with oil uncertainty keeping investors cautious.

FTSE 100 Edges Up Amid Starin

The FTSE 100 inched 0.04% higher in early trade, while sterling slipped to 1.3491 against the dollar. Europe mirrored the cautious tone, as Germany’s DAX and France’s CAC 40 both declined 0.3%.

Investor sentiment remained fragile, with skepticism over Iran’s proposal and delayed nuclear talks fueling uncertainty. The continued naval blockade has kept the Hormuz Strait constrained, supporting oil prices and reinforcing market unease.

Mixed UK Signals

BP flagged a brief outage at its Whiting refinery, while easing inflation expectations offered a modest positive note.

With diplomacy stalled, FTSE 100 movements still reflect geopolitical strain—leaving markets finely balanced.