FTSE 100 Stays Flat Amid Hormuz Tensions, UK GDP Boost

By EC Assets · Published 11 September 2026

The FTSE 100 index traded flat today. A strong UK GDP performance helped to balance concerns related to the Strait of Hormuz. Renewed U.S. Iran fighting raised fresh concerns about shipping through the Strait of Hormuz, impacting global markets. Oil prices climbed above $90 a barrel on Monday due to these tensions. Brent crude moved back above $90 a barrel. The Middle East conflict has caused volatility. The Strait of Hormuz now exists in a state of permanent uncertainty, with disagreement on oil transit volumes. U.S. stocks fell modestly on Monday, reflecting the larger market risk. On Thursday, US stocks gained as Wall Street showed optimism about a potential deal to reopen the Strait of Hormuz. However, technology stocks were weak on Thursday following the latest corporate earnings reports. European stocks rose but headed for sharp weekly declines. Bonds buckled and stocks fell as surging oil prices inflamed inflation risks. Oil topping $100 caused stocks to tumble. Analysts warn that US petrol prices could again surge if the strait closure continues, despite dropping nine cents last week. Hafnia (HAFN) stock is rated Buy. The company reported strong Q2 results, low leverage, and high variable dividends. Hormuz keeps Hafnia's Q4 upside alive. This article is intended for informational purposes only. It does not constitute investment advice.