Finance & Banking — Iran Conflict Triggers Global Market Disruption: Oil Surges 10% as UAE Markets Close and Cyber Threats Escalate

Finance & Banking · 2026-03-02

The escalation of U.S.-Iran tensions has created a perfect storm in global financial markets, with three critical pressure points emerging simultaneously: energy market disruption, regional financial center instability, and elevated cybersecurity threats. The closure of the Strait of Hormuz has immediately impacted oil prices, while the UAE's decision to suspend trading operations in its…