Charles Myers, founder and chairman of Signum Global Advisors, says Israel went "rogue" and defied U.S. President Donald Trump with its strikes on Iran.

London's FTSE 100 retreated on Friday after closing at a record high in the previous session as Israel's attacks on Iran ramped up geopolitical tensions, but gains in energy stocks limited declines.

A paratrooper carries the Iranian flag over the shrine of Iran's late leader Ayatollah Ruhollah Khomeini during the National Army Day parade ceremony in Tehran, Iran, April 18, 2025. Majid Asgaripour/WANA (West Asia News Agency)/Handout via REUTERS/File Photo

Iran has warned it will ramp up its nuclear activities after the United Nations nuclear watchdog’s 35-member board of governors adopted a resolution Thursday declaring it in breach of its non-proliferation obligations.

The Indian rupee is expected to slip past 86 to the U.S. dollar at the open on Friday, hit by surging oil prices and sliding risk assets after Israel attacked targets in Iran.