The FTSE 100 got off to a weak start as the Israel and Iran conflict became more complicated, overshadowing news that the US-UK trade deal had been signed.
Following a meeting of the G7 in Canada, President Donald Trump urged the evacuation of Tehran, while Israel has vowed to continue its strikes.
An hour into trade, the blue chip index was 45 points down at 8,830 - a loss of about half a percent.
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) is bottom of the list, down 1.8%, followed by precious metals miner Fresnillo PLC (LSE:FRES) and insurer Legal & General Group PLC (LSE:LGEN).
Meanwhile, Oil giants BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) are up 1% and 0.4%.
Ashtead Group PLC (LSE:AHT) has made small gains. It reported a softer revenue and profit performance in its final quarter but strong cash generation for the year and an increased dividend.
Capita PLC (LSE:CPI) has reiterated its full-year guidance after adjusted revenue fell 4.5% in the first five months of the year but it continued to remove costs from the business.
