April 20 (Reuters) - UK's main stock indexes dipped on Monday in a broad-based decline as fears that the U.S.-Iran ceasefire could collapse weighed on market sentiment.
The U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted, sending crude prices more than 5% higher.
The blue-chip FTSE 100 index fell 0.6% to 10,603.24 points by 1020 GMT, while the midcap FTSE 250 slipped 1.2%.
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Heavyweight bank Barclays was down 2.3%, while HSBC dipped 1.2%, bringing the broader financials index 1.7% lower.
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Precious metal miners Fresnillo and Hochschild fell about 2%, tracking a decline in gold and silver prices.
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British Airways owner IAG was down 2.8% as crude prices jumped.
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Aircraft engine maker Rolls-Royce fell 2.6%, sending the broader aerospace & defence sector down 2%.
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AstraZeneca said on Monday its experimental treatment showed a "meaningful reduction" in moderate-to-severe flare-ups of chronic obstructive pulmonary disease in a late-stage trial. Shares were down 1%.
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Oil giants BP and Shell rose 2.8% and 2.3%, respectively, tracking gains in oil prices.
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Shares of luxury handbag maker Mulberry climbed 7.5% after it reported higher annual revenue.
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Advertising group M&C Saatchi was down 0.9% after it warned that the Middle East conflict could hit sport and entertainment business.
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Engineering firm Renishaw gained 6.9% after it raised full-year profit forecast.
Reporting by Utkarsh Tushar Hathi; Editing by Shreya Biswas
Source: Reuters