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03.03.26 - 01:18
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Stocks Bounce from Session Lows Despite Iran War | The Close 3/2/2026 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are SOFI's Liz Thomas, Veriten's Arjun Murti, Former Assistant Secretary of State for Political-Military Affairs Retired Brig. Gen. Mark Kimmitt, BNY's Robin Vince, Cathinka Wahlstrom, & Carolyn Weinberg, Yardeni Research's Ed Yardeni, Teneo's Kevin Kajiwara, Center for International Policy's Joseph Cirincione, Energy Aspects Fouonder Amrita Sen, and Foresight Research's Deborah Weinswig. (Source: Bloomberg)...
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03.03.26 - 01:12
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"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran (ZeroHedge)
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"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran
Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran's response, according to three industry sources and Reuters.
Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows.
Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the disruption lasts. They spoke on condition of anonymity.
Gold futures jumped 3% on Monday morning prior to the cash open in New York. The record high stands at $5,594.82, set on January 29.
Despite the shipping disruption, traders said major financial hubs — including China, India, New York, London and Zurich — remain operational, and market activity on Monday is expected to be driven mainly by f...
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03.03.26 - 01:12
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Airports, Data Centers, Skyscrapers, & Power Plants: Are Desalination Plants Next Targets In U.S.-Iran War (ZeroHedge)
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Airports, Data Centers, Skyscrapers, & Power Plants: Are Desalination Plants Next Targets In U.S.-Iran War
"I think it's fair to say this is a third Gulf war, isn't it?" Economist defense editor Shashank Joshi wrote on X.
I think fair to say that this is a third Gulf war, isn't it?
— Shashank Joshi (@shashj) March 2, 2026
Beyond the ongoing exchange between U.S. and Israeli forces striking Islamic Revolutionary Guard Corps military targets and IRGC retaliation strikes against U.S. and allied bases across the Gulf and into Europe, including Cyprus, an increasingly uncomfortable reality is beginning to emerge: civilian and commercial targets do not appear to be off limits.
Developments we've been following today include drone strikes on Saudi Aramco's Ras Tanura complex, the largest refinery in the country. Then, drone strikes on a commercial data center run by Amazon AWS in the United Arab Emirates (first-ever in modern warfare), as well as countless videos of IRGC missile and ...
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