In New York, the Dow Jones Industrial Average was down 0.3%, the S&P 500 was 1.2% lower, and the Nasdaq Composite dropped 2.2%.

The FTSE 100 closed up 28.02 points, 0.3%, at 10,360.32.

The FTSE 100 closed down 41.21 points, or 0.4%, at 10,332.30.

Events in the Middle East continue to dictate the mood in the markets.

Iranian news agency Tasnim reported that Tehran had suspended dialogue with mediators in protest against Israel’s expanding Lebanon offensive.

Brent crude for July delivery traded lower as the US president said he was making a ‘final’ decision on a peace deal with Iran.

The FTSE 100 closed down 79.05 points, or 0.8%, at 10,425.96.

The FTSE 100 closed up 13.62 points, 0.1%, at 10,505.01.

The FTSE 100 closed up 25.13 points, 0.2%, at 10,491.39.

Stocks gained encouragement from lower oil prices as investors weighed the latest developments in the Middle East.

The FTSE 100 closed up 11.13 points, 0.1%, at 10,443.47.

Investors in London were also digesting better-than-forecast UK inflation figures.

The FTSE 100 closed up 6.80 points, 0.1%, at 10,330.55, the Dow Jones Industrial Average was down 0.5% and the S&P 500 fell 0.7%.

The FTSE 100 closed up 128.38 points, 1.3%, at 10,323.75.

The FTSE 100 closed down 177.56 points, 1.7%, at 10,195.37.

The FTSE 100 closed up 47.58 points, 0.5%, at 10,372.93.

The yield on UK 10-year gilts traded at 5.07%, cooling from 5.10% the day before.

Prime Minister Sir Keir Starmer defied calls for him to quit, despite a growing number of Labour MPs demanding that he steps aside.

The continued stalemate between the US and Iran dashed investors’ hopes of an imminent peace deal and heightened concerns over oil supply disruption.

The FTSE 100 closed down 43.88 points, 0.4%, at 10,233.07.