Iran's Gulf Attacks Escalate: Four Cargo Ships Hit, Dubai Airport Struck, Oil Markets Jitter
MMoneycontrol•11-03-2026, 16:13
Iran's Gulf Attacks Escalate: Four Cargo Ships Hit, Dubai Airport Struck, Oil Markets Jitter
- •Four cargo ships struck by projectiles and set ablaze near the Strait of Hormuz, forcing crew abandonment and rescue efforts.
- •Iran launched drones near Dubai International Airport, injuring four, and threatened financial institutions across the region.
- •Gulf states like Kuwait, Saudi Arabia, and Bahrain intercepted multiple Iranian drones and ballistic missiles targeting key installations.
- •Strait of Hormuz shipping traffic nearly halted, causing shockwaves in global energy markets and elevating Brent crude prices.
- •Israel expanded strikes in Iran and Lebanon, targeting sites linked to Hezbollah, as the UN Security Council prepares a resolution.
