- Stock markets, including the FTSE 100 and US S&P 500, saw a resurgence last week driven by hopes for the reopening of the Strait of Hormuz.
- This positive sentiment was quickly reversed after Iran declared the Strait closed again and refused further talks, while the US seized an Iranian vessel.
- Global stock markets, including London's FTSE 100 and major European and US indices, have subsequently fallen at the start of this week.
- Market experts warn investors to expect continued volatility and to exercise 'deep reserves of patience' due to ongoing uncertainty in the Middle East.
- Despite short-term fluctuations, long-term investors are advised to look past the noise, with the FTSE 100 still up over 7 per cent for the year.
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