[MARKET UPDATE] CAC and FTSE 100 dip in recent trade despite the lack of a clear catalysts, although Russian Foreign Ministry issued punchy rhetoric whilst Iranian lawmaker said US, UK and French vessels will not be permitted to transit Hormuz

Recent newsflow: Russian Foreign Ministry says the UK should abandon its hostile position towards Russia, which creates risks of transferring the conflict to a fundamentally new level, IFX reports. Russian Foreign Ministry reiterates foreign troops in Ukraine which impede Russia's operation will become legitimate military targets. Iranian lawmaker says Iran controls the Strait of Hormuz and vessels from the US, France, Britain or other hostile countries to enter the region.