Daily brief
Dubai Airports has told passengers not to head to its terminals, prompting several major airlines to cancel flights to Dubai and Abu Dhabi. Swiss International Air Lines, Russia's Aeroflot, and Belarusian airline Belavia are among the carriers that have suspended or canceled services. The disruption follows a warning about a potential airport closure.
OPEC+ is reportedly considering a larger increase in oil production than previously planned in response to the recent attack on Iran, which has rattled global markets.
Numerous flights across the Gulf region have been canceled or rerouted, with airports in Doha and Muscat also affected, as regional airspace faces restrictions following military strikes.
Kuwait has banned food exports and fixed prices for essential goods, while the UAE has assured the public that its reserves of staple goods are secure and urged against stockpiling.
Iran has threatened to block the Strait of Hormuz, a critical chokepoint for global oil shipments, risking further disruption to the world economy.