FTSE 100 Flat on July 13 as Oil Giants Offset Iran Tensions

The FTSE 100 closed broadly flat on July 13, supported by a 1.1% rally in energy stocks after renewed US-Iran clashes lifted crude more than 3%. The index had plunged 1.80% on July 8 when the Iran-US ceasefire collapsed and Hormuz disruption fears returned, erasing earlier gains that took it to a three-month high near 10,700 on July 2. Corporate deal flow provided relief on July 10, with easyJet surging 14% and Vodafone climbing 13% on takeover and stake-sale news, allowing the benchmark to recover modestly to 10,488 before geopolitical shocks reasserted themselves.