The sell-off for global stock markets continued today as the prospect of military action against Syria raised fears over the stability of the Middle East.
Asian markets mirrored the heavy losses seen on Wall Street and in London on Monday, while there was a further fall of 17.2 points to 6423.7 for the FTSE 100 Index today.
The price of Brent crude oil rose by another 0.5% to 115.75 US dollars a barrel, having seen its biggest one-day rally in six months on Monday. Gold prices have also advanced because traders believe the precious metal will hold its value better in times of uncertainty.
Oil stocks benefited from the situation, with Royal Dutch Shell up 31p at 2208p and BP 3p higher at 450.1p. The prospect of rising fuel costs meant British Airways owner International Airlines Group fell 7p to 293.45p and easyJet dipped 30p to 1204p.
Traders in London were also looking to Bank of England governor Mark Carney's maiden speech, when he is expected to defend his flagship "forward guidance" policy amid signs it is not having the desired effect on the City.
In corporate news, security group G4S was 0.9p lower at 244.4p after it announced a fundraising drive through the sale of new shares and disposal of non-core businesses. It hopes the move will spare it from a credit downgrade that could add up to £30 million a year in interest payments.