(Il Sole 24 Ore Radiocor) - Milano, 15 mag - Shares in London closed lower as investors kept an eye on domestic political turmoil amid renewed inflation concerns, as oil prices resumed their rise.

Crude prices climbed as concerns remain over the Strait of Hormuz, where Iran reported around 30 ships transiting under "management protocols" while traffic stays well below normal.

US president Donald Trump further fueled the cautious mood by signaling a tougher stance toward Tehran, stating he would no longer be patient with Iran and urging a swift agreement with Washington.

Also weighing on sentiment, Keir Starmer's premiership is in increasing peril after Labour Party rival and Manchester mayor Andy Burnham was offered a route to parliament so as to possibly challenger the prime minister's leadership.

Miners were mostly lower as gold sold off.

Antofagasta and Fresnillo dropped 10.71% at 3,810.00 pence and 10.04% at 3,335.00 pence, respectively.

Among individual stocks, shares of the British banking group HSBC fell 1.93% to 1,324.00 pence after a report from the Financial Times stated the group has paused a 4 billion dollars investment in private credit.

The London FTSE 100 closed down 1.71% at 10,195.37 points.

(RADIOCOR) 15-05-26 18:10:51 (0541) 5 NNNN