FTSE 100 LIVE: Stocks muted as Trump delays strikes on Iran power plants

The FTSE 100 opened with muted performance as global markets reacted to President Trump's decision to delay sanctions on Iranian power plants. This unexpected pause in escalating tensions provides a temporary reprieve for oil prices and investor sentiment, but the ongoing geopolitical uncertainty in the Middle East remains a significant overhang. Traders will closely watch for any further developments in US-Iran relations and their potential impact on energy markets and broader economic stability. The development arrives against a backdrop of shifting risk appetite, where investors are reassessing exposure to markets and weighing the second-order impact on adjacent sectors. Investors are watching the broader tape for follow-through. Live pricing was not available at the time of writing, but positioning data and order-book signals will shape the next session. Positioning across funds, options skew and credit spreads typically respond first; equity price action lags but tends to confirm the direction once volume returns. Readers should treat the immediate move as a sentiment proxy rather than a final verdict on fundamentals. For longer-horizon allocators the more important question is whether this changes the trajectory of cash flows, regulation or competitive dynamics. If it does, multiple compression or expansion follows; if it does not, the reaction fades within a few sessions and the prior trend reasserts itself. What to watch next: forthcoming earnings prints, central-bank guidance and any official commentary that either validates or pushes back on the market's interpretation. Reported by Yahoo Finance and contextualised by the Global Investing News desk under Mark