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Indian benchmark indices Sensex and Nifty plunged over 1.2% as escalating West Asia tensions triggered a surge in crude oil prices and a broad market sell-off.
The UAE's Capital Market Authority has suspended trading on the Abu Dhabi and Dubai stock exchanges for two days due to escalating military tensions in the Middle East.
US Defense Secretary Pete Hegseth asserts the military operation in Iran is a decisive mission to neutralize threats, not a protracted, Iraq-style endless war.
Italian Defence Minister Guido Crosetto and his family are stranded in Dubai after widespread flight cancellations followed US-Israeli strikes on Iran and subsequent retaliation.
Saudi Aramco has temporarily shut down its 550,000 bpd Ras Tanura refinery following a drone attack, escalating regional tensions and causing a surge in global oil prices.
Saudi Aramco has shut down its major Ras Tanura refinery following a drone attack, causing crude oil prices to surge amid escalating geopolitical tensions in the Middle East.
Escalating military conflict in the Middle East, involving Iran, Israel, and the US, threatens to disrupt global oil supplies through the Strait of Hormuz, posing significant economic risks for India.
Indian IT stocks experienced their worst selloff since 2020 in February 2026, as Anthropic's AI advancements threaten traditional outsourcing business models and trigger widespread investor panic.
Escalating military conflict between Iran and Israel has caused a sharp surge in global oil prices, threatening critical supply routes through the Strait of Hormuz.
Former US President Donald Trump stated the ongoing military conflict with Iran could last four to five weeks, acknowledging US casualties while asserting the campaign is proceeding as planned.
Saudi Aramco has shut its massive Ras Tanura refinery following a drone strike, causing a significant surge in global oil prices amid escalating Middle East tensions.
Indian benchmark indices Sensex and Nifty fell over 1.2% on March 2, driven by escalating West Asia tensions, surging crude oil prices, and significant foreign investor outflows.
Kuwait's defense ministry confirms the crash of several US warplanes as smoke is reported at the US embassy, escalating regional security concerns amid ongoing conflict.
Global oil prices surged after Iranian retaliatory attacks disrupted shipping in the strategic Strait of Hormuz, raising concerns about inflation and global energy supply security.
Global crude oil prices have surged, with Brent crossing $82 per barrel, following military strikes by the US and Israel on Iran, fueling supply disruption fears.
Kuwait's Ministry of Defence has confirmed the crash of several US military aircraft on its territory amid escalating regional conflict with Iran, stating all crew members are safe.