The present invention relates to advanced flame/fire retardant compositions for fabric, upholstery, carpet, barrier, automotive, building construction, communication, and consumer electronics applications. The flame retardant composition comprises: about 5-25 wt. % hydrogenated styrenic block copolymer, about 6-40 wt. % polyolefin, about 50-80 wt. % inorganic flame retardant, about 0-5 wt. % coating, about 0-5 wt. % functionalized styrenic block copolymer, about 0-7 wt. % agri-derived heat resistant liquid, about 0.05-1.0 wt. % antioxidant, and about 0-7 wt. % optional additives such as metal deactivator, colorant, filler, and/or lubricants, wherein said composition totals 100 wt. %. An article made from the flame retardant composition, such as film, fiber, cable, and wire insulation meets various European and U.S. standards. The flame retardant compositions possess a good balance of tensile strength, elongation, flame resistance, and processability that has previously been unobtainable.