Commodities
UK Stocks Slide on Strait of Hormuz Tensions and Higher Oil Prices
The UK stock market opened slightly lower on Wednesday, August 12, due to renewed uncertainty over the US-Iran standoff and the Strait of Hormuz.
The FTSE 100 index declined by approximately 0.14% (-14.96 points) to trade at 10,829.23, with Brent crude trading around $89.49 a barrel.
Investors are cautious ahead of the latest US Consumer Price Index (CPI) data, which could influence expectations for the Federal Reserve's interest-rate path.