Rolls-Royce share price has sunk into a technical correction after falling by 11% from its highest level this year as London companies retreat. The stock retreated to 1,295p on Friday, down sharply from the year-to-date high of 1,420p. This article explores whether it is safe to buy the current dip.

Why the Rolls-Royce share price has crashed

Rolls-Royce stock price has plunged in the past few days, mirroring the performance of other British stocks, with the FTSE 100 Index falling from £10,930 February 27 to the current £10,285.

The decline has accelerated amid the ongoing volatility in the Middle East, where the war between the United States and Iran continued during the weekend. Analysts believe that the crisis will go on for a while,…