India, July 13 -- The UK stock market was down slightly a little past noon on Monday as investors made cautious moves amid rising tensions in the Middle East.
Oil prices jumped 2% amid concerns over potential supply disruptions after the U.S. launched fresh strikes against Iran.
The U.S. military launched another round of strikes against Iran overnight and early Monday "to degrade their ability to attack commercial ships freely transiting the Strait of Hormuz," after an Iranian strike on a container ship in the critical waterway the day before.
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