Daily brief
Oil and natural gas prices have risen sharply due to the ongoing conflict in Iran, raising fears of a prolonged supply disruption from the Middle East. QatarEnergy has declared force majeure on some liquefied natural gas supplies, halting production. Analysts warn prices could rise further, with JPMorgan noting oil could reach $120 per barrel if shipping delays in the Strait of Hormuz worsen.
Dubai airports have partially reopened for limited, mainly repatriation flights after widespread suspensions due to regional tensions, though airlines like Finnair continue to halt services over security concerns.
Amazon's cloud computing service AWS experienced an outage after objects struck a data center in the UAE, causing a fire and disrupting services for customers like Abu Dhabi Commercial Bank.
Gold prices in the UAE jumped more than 10 dirhams as fears over the regional conflict drove a rush to safe-haven assets.
UAE businesses are offering free stays and hot meals to support anxious travelers and residents stranded by the flight disruptions.