Wall Street slumps as investors fear prolonged Middle East conflict, energy & defense stocks rally

Major Wall Street stock indices slumped sharply on Monday as investors braced for a protracted Middle East conflict. The downturn follows joint US-Israeli strikes on Iran that resulted in the death of its Supreme Leader, triggering a geopolitical crisis. In retaliation, Tehran launched a barrage of missiles targeting Israel and American bases throughout the Gulf….

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Iran–Israel conflict: PV Sindhu, Esha Gupta, Ajith Kumar among Indians stuck in Dubai

Rising geopolitical tensions involving Iran, Israel and the United States have triggered widespread flight disruptions across parts of West Asia, leaving several Indian celebrities stranded in the United Arab Emirates, including Dubai and Abu Dhabi. Partial airspace closures and precautionary suspensions by airlines have resulted in multiple flight cancellations, affecting thousands of passengers — among…

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Why Somalia ‘excluded’ UAE in its official condemnation of Iran’s retaliatory strikes on Muslim nations

Somalia on Sunday condemned Iran’s retaliatory attacks on Gulf states while excluding the UAE in its statement. The Somali government said in a statement that it affirms full support for Saudi Arabia, Qatar, Kuwait, Jordan, Bahrain, and Oman, backing their legal measures to defend sovereignty and protect citizens. Also Read | Turkey Deploys F-16s in…

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Oil Prices Today: Crisis deepens due to Iran war; Price increased by 13%, will petrol and diesel become costlier? – market

Iran-Israel War: This narrow sea route of the Persian Gulf, Strait of Hormuz, handles about one-fifth of the world’s oil supply. About 15 million barrels of crude oil passes through here every day. Oil and gas originating from Saudi Arabia, Kuwait, Iraq, Qatar, Bahrain, UAE and Iran reaches global markets through this route. Source

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Wall Street Week Ahead: Markets brace for turbulent week amid Middle East conflict; gold, treasuries in focus

Wall Street is preparing for a turbulent week ahead as the intensifying Middle East crisis dictates market sentiment. Geopolitical developments have moved to the foreground following the joint US-Israeli military strike against Iranwhich resulted in the death of its Supreme Leader Ayatollah Ali Khamenei and several high-ranking officials. The rapidly shifting landscape across the Gulf…

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US-Iran war: PV Sindhu stranded in Dubai, close call for coach at airport; shuttler recalls ‘extremely tense’ ordeal

Indian badminton player and double Olympic medalist PV Sindhu on Sunday recounted an “extremely tense” experience at Dubai International Airport. The athlete and her Indonesian coach found themselves stranded as an explosion erupted near their location, occurring amid the rapidly intensifying hostilities across the Gulf. This disruption is a direct result of the major military…

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Putin condemns US-Israeli strikes on Iran, calls Khamenei’s killing ‘cynical murder’

Russian President Vladimir Putin has voiced a stern condemnation of the US-Israeli strikes on Iran, labeling the assassination of Iran’s Supreme Leader a “cynical murder,” according to the state news agency. TASS. In his opening public comments following the joint military operations and the ensuing regional retaliation, Putin denounced the character of the assault. Reflecting…

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