Despite lingering concerns about tensions in the Middle East, the UK stock market moved firmly higher Thursday morning, riding on gains in mining and financial sectors.
Iran today announced the closure of the Strait of Hormuz, one of the world's most important oil transit routes, after a fresh round of US military strikes intensified tensions in the Middle East. The announcement follows a second consecutive night of attacks by the U.S. on Iranian military targets.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.