Iran-US War: UAE Closes Dubai And Abu Dhabi Stock Markets For Two Days
Internet/Hyderabad, Mar 2 (Maxim News): The situation in the Middle East is changing rapidly day b y day in the backdrop of the war between Iran, the US and Israel. The United Arab Emirates (UAE) has taken key decisions in light of the current developments. The UAE government has announced that the Dubai and Abu Dhabi stock markets will be closed for two days, i.e. on March 2 and 3, in the interest of investor safety, as the war between Iran, the US and Israel is likely to escalate.
Countries like the UAE and Qatar have closed air routes due to security reasons. This has led to the cancellation of flights and thousands of passengers being stranded at airports.
The fear of this war has led to a huge increase in crude oil prices in the international market. The price of Brent crude has reached $82.37 per barrel. The highest price recorded since January 2025. Gold prices have also suddenly increased by 1.75 percent and reached their highest level.
These tensions began after the death of Iran’s Supreme leader Ali Khamenei in an attack by US-led security forces. US President, Donald Trump has announced that Iran’s new leadership wants to hold talks with him and that he is ready for it. However, the situation has become worrying as Iran is already preparing for missile attacks. Seeing these developments, netizens are commenting on social media that World War 3 has begun. (Maxim News)
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