FTSE 100: Stocks lower as Middle East tensions dims surprise UK retail recovery
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British stocks opened lower on Friday, with the FTSE 100 down 0.5% amid elevated oil prices and ongoing Middle East tensions. Despite stronger-than-expected retail sales data, investor sentiment remained cautious due to U.S. President Trump's comments on the Iran conflict, suggesting a prolonged standoff. Oil prices are near recent highs due to concerns over supply disruptions in the Strait of Hormuz, which has seen reduced traffic. UK retail sales rose 0.7% in March, exceeding expectations, but core sales growth was mixed.
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