UK 100 Dips to 10,342 as Iran Blockade Persists, Trump Doubles Down

UK 100 fell 0.36% to 10,341.54 on May 1 amid escalating US-Iran tensions, with President Trump reinforcing the naval blockade of Iranian ports and oil near multi-year highs. The index plunged 82 points to 10,354 on April 7 following Trump's Iran deadline as Brent hit $110-111, then surged 2.8% to 10,688 on an April 8 ceasefire with oil dropping below $94. It traded sideways mid-April at 10,564-10,589 before dropping 0.8% to 10,389 on April 23 amid 3.3% CPI and oil over $100, and 0.6% to 10,391 on April 24 despite +0.7% retail sales; a BP-driven 0.4% rise to 10,367 on April 28 preceded further declines on blockade fears ahead of ECB/BoE meetings.