The FTSE 100 rose just 0.2% on Tuesday, underperforming broader European gains of more than 1%, amid weakness in energy stocks and disappointing corporate updates. Oil majors Shell and BP fell 3% and 2.5% respectively as Brent and WTI slipped below $100, with markets watching potential US–Iran talks ahead of a two-week ceasefire deadline. Imperial Brands dropped more than 5% after warning of market share losses, despite keeping guidance unchanged, citing ongoing geopolitical uncertainty. Its peer and heavyweight British American Tobacco lost around 3%. On the upside, Intertek surged over 10% after announcing a strategic review that could include a business split, while reaffirming its outlook. Travel stocks also gained, with EasyJet up 4.8% and IAG rising 3% on easing tensions. Investors now turn to upcoming earnings from Antofagasta and Barratt Redrow.