Iran, Israel
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Israel's attack on Iran jolted financial markets as fears grew of a regional conflict that could disrupt oil supplies. The tensions come at a time of heightened uncertainty, driven by Trump’s tariff policies.
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The FTSE 100 hit a new closing record after investors continued to look for opportunities outside the US, despite the UK economy shrinking by more than expected in April. The index of the UK’s leading shares rose 0.23% to close at 8,884 on Thursday, topping a previous high of 8,871.31 on March 3.