The FTSE 100 dipped slightly on Monday as investors remained cautious, awaiting Iran’s response to US airstrikes over the weekend. Oil giants BP and Shell trimmed earlier gains as crude prices fell on fading fears of disruptions in the Strait of Hormuz. Travel stocks were hit, with easyJet dropping over 2% and IAG down nearly 1.5%, amid worries about potential travel disruptions. On the upside, National Grid, Fresnillo, Convatec Group, and Bunzl each gained more than 2%. Economic data offered some relief: S&P Global’s UK flash composite PMI for June rose to 50.7, slightly beating expectations and signaling modest private sector growth. Manufacturing shrank at a slower pace with a reading of 47.7, while services met forecasts at 51.3. All indicators improved from May, showing some resilience in the UK economy despite global tensions.