FTSE 100 Live: London Markets Hit Two-Week Low Amid Middle East Tensions

London’s benchmark FTSE 100 slid sharply this week, closing at its lowest level in more than two weeks amid rising global tensions. On March 2-3, 2026, escalating conflict in the Middle East triggered a broad sell‑off, pushing risk assets lower and oil prices higher. Markets reacted as investors digested fresh geopolitical risk, with energy and defence sectors outperforming while banks, travel, and luxury stocks struggled.