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flag Middle East tensions caused the FTSE 100 to drop nearly 1%, with oil prices surging and stocks falling.

flag The FTSE 100 fell nearly 1% to around 10,800 amid escalating Middle East tensions following retaliatory strikes by Iran, sparking oil price surges and investor anxiety. flag Bank and airline stocks declined sharply, with IAG, Barclays, HSBC, and Burberry down 4% to 5%, while energy and defense firms like Shell, BP, and BAE Systems rose on supply concerns and military demand. flag UK house prices rose 1% annually in February, and manufacturing activity remained in expansion territory. flag Analysts cite geopolitical risk and cautious sentiment as key market drivers, warning of potential prolonged volatility.

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