UAE Ministry of Defence says air defences are dealing with a missile threat
The UAE's announcement regarding missile threats highlights escalating tensions in the region, which could have broader implications for global markets.
A second drone was shot down while trying to approach the embassy district, Al Arabiya reports citing an official Saudi Defense spokesman
Newsquawk Daily European Opening News - 18th March 2026
UAE Ministry of Defence says air defences are dealing with a missile threat
South Korea's pension fund official says estimates 50% of Korea's stock market rally is due to market reforms and 50% due to semiconductor upcycle
Iran's Foreign Minister says Iran will target US forces wherever they assemble, including near urban areas, he understands neighbours' concerns and holds the US responsible for the conflict
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Such developments typically lead to increased volatility in oil prices, given the UAE's significance in the oil supply chain. Watch for potential safe haven flows into gold and USD as investors seek to hedge against geopolitical risks.
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