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London close: Oil spikes, stocks drop as investors eye Middle East conflict

By Benjamin Chiou

Date: Monday 02 Mar 2026

(Sharecast News) - UK stocks pulled back sharply from record highs on Monday as risk appetite was hammered by the escalating conflict in the Middle East, as surging oil prices raised fears about inflationary pressures closer to home.
The FTSE 100, which settled at a new closing high of 10,910.55...

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