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UAE bourses slide nearly 5% as markets reopen after 2-day halt following Iran attacks
Dubai and Abu Dhabi stock markets experienced significant drops upon reopening after a two-day closure following Iran's missile and drone attacks. Major indices saw their steepest declines since May 2022, with blue-chip companies and financial institutions leading the losses. Both exchanges implemented a temporary -5% price limit for securities.
Iran Guards claim ‘complete control’ of Strait of Hormuz, warn ships face missile and drone risk
Israel-Iran War: The Iranian Revolutionary Guard Corps has stepped forward with a significant statement, claiming sovereignty over the pivotal Strait of Hormuz—a corridor that facilitates a vast amount of the world's oil and gas shipments. Their cautionary note to vessels indicates potential threats from missiles or drones, coinciding with a surge in regional tensions.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
India says oil stocks enough to absorb short-term shocks
India has assured sufficient oil stocks to handle any short-term disruptions from the Gulf conflict. This comes after an Iranian drone attack impacted Qatar's LNG facility, India's top supplier. State-run gas marketers have cut supply to several industries. The Strait of Hormuz remains blocked.
JSW Infrastructure reports damage to one tank at Fujairah Terminal after drone debris
On Monday (March 2), shares of JSW Infrastructure Ltd ended at ₹251.35, down by ₹3.50, or 1.37%, on the BSE.
War reaches India Inc as fire reported at JSW Infra oil storage terminal in Fujairah
A fire broke out at JSW Infrastructure’s Fujairah oil storage terminal after an Iranian drone was intercepted, marking the first direct impact of the US-Israel-Iran conflict on an Indian company.
Amazon cloud facilities in UAE and Bahrain hit by drone strikes; Abu Dhabi warehouse shut amid Iran-Israel-US war
Amazon has also halted any business travel to Israel and Lebanon, while many Amazon employees across the region have transitioned to work from home model this week. This comes amid a conflict in the Middle East stemming from the war in Iran.
Global energy security at risk? Gas prices jump 50% as Qatar shuts world's largest LNG export plant amid US-Iran war
Qatar halted LNG production after an Iranian drone attack, causing European gas prices to surge over 50%. The disruption threatens global energy security and could impact LNG supplies worldwide. Traffic through the Strait of Hormuz is also slowing significantly.
Iran war isn't a T-20 match, says Shankar Sharma after a kamikaze drone skims over his UAE villa
A resident of Ras Al-Khaimah in the UAE for 15 years, Shankar Sharma believes that India will be worse off if the conflict draws out for long. He predicts Indian equity markets will be a laggard for the second year on the trot and suggested commodities as the asset class he would recommend.
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today
On March 2, the Indian stock market fell over 1% amid rising Middle East tensions after US and Israeli attacks on Iran. Iran retaliated, raising fears of war and causing crude oil prices to spike, with Saudi Aramco halting operations at a refinery following a drone strike.
Iran‑Israel War: Saudi Aramco shuts Ras Tanura refinery after drone strike fire
Iran‑Israel War: Saudi Aramco’s Ras Tanura refinery was shut on Monday after a small fire broke out following an apparent drone strike. The blaze was quickly contained, and authorities confirmed the situation is under control.
Five small-cap drone stocks to add to your 2026 watchlist
These smaller drone companies deserve your attention. Take a look.