UK’s FTSE 100 trades mixed as markets react to developments related to a potential US-Iran peace deal. Multiple reports cite improved sentiment linked to the prospect of easing tensions, with expectations that shipping routes in the Gulf region could become safer. Investing.com reports gains driven by the idea that the Strait of Hormuz could reopen or face less disruption if the deal progresses. In contrast, The Telegraph says the FTSE 100 tumbles as hopes for a deal rise, highlighting that investors are weighing prospects of reduced geopolitical risk against other market factors. The Independent similarly notes a move in the index alongside oil price declines following the news flow around the deal, implying that reduced risk perception is also affecting energy markets. Belfast Telegraph also describes the FTSE 100 as struggling despite signals of progress. Taken together, the outlets indicate that the equity market response is not uniform: sentiment improves for some investors due to reduced escalation risk, while price action in the FTSE 100 remains volatile as traders reassess the likely economic implications, including the impact on oil prices and broader expectations for global trade.