The FTSE 100 fell 0.4% on Friday as oil prices remained volatile amid mixed signals surrounding US-Iran negotiations and renewed tensions between Israel and Lebanon. Mining stocks were among the biggest drags, with Rio Tinto down more than 2%, Glencore falling 1.5%, Anglo American declining 2.5% and Antofagasta dropping 3.2%. Precious metal miners also came under pressure, with Fresnillo and Endeavour falling 5.4% and 3.5% respectively. Banks, Unilever and BAT also traded lower. In contrast, energy stocks gained, with Shell and BP rising around 1% and 2%. Pharmaceutical and defence stocks also advanced. Greater Manchester mayor Andy Burnham won the closely watched Makerfield by-election with 54.8% of the vote, strengthening his position as a potential challenger to Prime Minister Keir Starmer. UK data showed public sector borrowing reached GBP 23.3 billion in May, above expectations, while retail sales recovered 1.2%, beating forecasts. The FTSE 100 finished the week down more than 1%.