The FTSE 100 experienced an upward movement on Tuesday, marking the continuation of its winning streak to six consecutive sessions, the most prolonged series of gains since May. Melrose emerged as one of the top performers, experiencing an increase of over 8% following the aerospace company’s announcement of a $100 million claims program addressing damage at its GKN Aerospace facility in California.

A criminal investigation into the incident has been closed, and the site is anticipated to resume operations next month. Oil prices experienced a modest decline following the announcement of new sanctions by the US aimed at businesses engaged in Iran’s trade network.

The measures, referred to as “Operation Economic Outcast” by Treasury Secretary Scott Bessent, have impacted companies in China and Hong Kong, yet have largely spared significant Chinese financial institutions thus far. Meanwhile, the decline in both precious and industrial metals exerted pressure on miners.