The FTSE 100 index of the UK stock market remains firmly placed in positive territory around noon on Tuesday despite escalating tensions in the Middle East.
Oil prices moved up sharply after Iran launched a series of attacks on the United Arab Emirates, targeting Dubai's international airport and the Fujairah oil port.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.