Source: Sharecast
Energy giants BP and Shell slid after the US and Iran agreed to end all fighting and reopen the Strait of Hormuz.
The long-sought peace deal was first announced by Pakistan, which had acted as a mediator between the warring factions. Full details have not been published, but prime minister Shehbaz Sharif confirmed both sides had declared "immediate and permanent termination" of all military operations, including in Lebanon. There was no mention of Israel.
Donald Trump shortly afterwards said the Strait of Hormuz would reopen. Posting on Truth Social, the US president wrote: "I hereby fully authorise the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade."
Defence firm BAE Systems was also under the cosh, along with utilities Centrica and United Utilities.
On the upside, precious metals miner Fresnillo was the top gainer, with Chilean miner Antofagasta close behind as copper, silver and gold prices all rose.
Engine maker Rolls-Royce was among the top performers as oil prices slumped, alleviating concerns about fuel costs.
FTSE 100 - Risers
Fresnillo (FRES) 3,234.00p 8.13%
Weir Group (WEIR) 2,452.00p 6.33%
Antofagasta (ANTO) 4,283.00p 6.17%
Smurfit Westrock (DI) (SWR) 3,328.00p 5.38%
Rolls-Royce Holdings (RR.) 1,362.80p 4.36%
Halma (HLMA) 4,060.00p 4.31%
Informa (INF) 845.60p 3.87%
IMI (IMI) 2,944.00p 3.44%
Anglo American (AAL) 4,119.00p 3.22%
Melrose Industries (MRO) 476.00p 3.20%
FTSE 100 - Fallers
Shell (SHEL) 3,063.50p -4.89%
BP (BP.) 512.50p -4.47%
BAE Systems (BA.) 1,836.50p -3.82%
BT Group (BT.A) 203.20p -3.15%
Vodafone Group (VOD) 112.30p -2.64%
Centrica (CNA) 182.15p -2.10%
Glencore (GLEN) 578.80p -1.85%
AstraZeneca (AZN) 13,220.00p -1.83%
United Utilities Group (UU.) 1,288.00p -1.68%
Scottish Mortgage Inv Trust (SMT) 1,411.50p -1.62%