UK Market Edges Higher on Precious Metals Gains Amid Iran Tensions

The UK stock market experienced a modest increase on Thursday, as gains in precious metals companies helped offset concerns surrounding the escalating Iran conflict.

Fresnillo and Endeavour Mining led the way, with gold and silver prices rising amid renewed Middle East tensions. The precious metals sector has traditionally seen increased demand during periods of heightened geopolitical uncertainty.

The Strait of Hormuz remained a key market concern, with commercial vessels being redirected through the strait as part of naval operations surrounding Iran. The Strait is one of the world's most important energy corridors, influencing crude oil markets and shipping costs.