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The Economic Times

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Dubai index slides 4% as oil soars on escalating Iran conflict

UAE stock markets saw a sharp decline early Monday. This downturn extended previous losses. The US-Israeli conflict with Iran is widening. Oil prices surged over 25 percent. This jump is due to supply cuts and fears of prolonged shipping disruptions in the Strait of Hormuz. Brent crude saw its biggest daily gain since 1988.

9 Mar 2026 12:13 pm