CNBC bureau chief: Iranian missiles forced my Dubai flight to show round
About half-hour earlier than touchdown, passengers on a 3.5-hour Emirates flight to Dubai acquired an alarming replace from their captain: The aircraft would have to show round as a result of Iran had fired missiles on the UAE.
CNBC Center East bureau chief Emma Graham was on that repatriation flight, a half-full Airbus A380 that had taken off from Mumbai.
About quarter-hour after the preliminary announcement, the captain stated that the airspace had reopened and the aircraft was clear to land in Dubai.
Learn the total story right here.
— Emma Graham and Kevin Breuninger
Lufthansa plans a repatriation flight from Oman
Lufthansa Airbus A340 passenger plane as seen touchdown at Eindhoven Airport EIN throughout a uncommon constitution flight, arriving from Athens, Greece.
Nicholas Economou | Nurphoto | Getty Photographs
Lufthansa stated it is sending a wide-body jet to Muscat, Oman, “on behalf of the German authorities” to repatriate German residents from the area both Wednesday or Thursday night, with service in different elements of the area suspended.
Lufthansa’s Airbus A340-300s seat 279 passengers. The German airline group stated that its service from Dubai and Abu Dhabi stays suspended till at the least Friday and flights to and from Tel Aviv, Beruit, Amman, Erbil and Tehran till March 8.
Larnaca, Cyprus, service is suspended till at the least Friday; the corporate will keep away from that airspace after a drone assault hit a British army base there.
“As quickly because the state of affairs on the bottom and the related airspace closures permit, we are going to resolve on further flights from the area so as to have the ability to provide our company a return journey as quickly as attainable,” the corporate stated.
— Leslie Josephs
How the Iran warfare is hitting the worldwide provide chain
Iran’s closure of the Strait of Hormuz is halting the worldwide provide chain, and the impacts may worsen because the U.S.-Iran warfare continues.
The Strait is a crucial artery for the worldwide oil commerce, with about 31% of all seaborne crude flows passing by way of it in 2025.
With delivery prices set to inflate attributable to warfare surcharges and gas surcharges, here is what customers ought to count on:
U.S. gasoline costs poised to rise to $3.35 per gallon on common: Analyst
Common U.S. gasoline costs are poised to climb as excessive as $3.35 per gallon, based mostly on their present trajectory, in accordance with Patrick de Haan, head of petroleum evaluation at GasBuddy.
“Any additional adjustments in markets will change this, but when the whole lot held nonetheless, that is the place we would possible be,” de Haan stated on X.
Diesel would rise nearer to $4.25 to $4.45 per gallon, he added.
Rising gasoline costs — which on Monday noticed their greatest single-day leap in 4 years, in accordance with de Haan — comply with the surging costs of crude oil and pure gasoline. These fluctuations coincided with Iran reportedly closing the Strait of Hormuz and threatening to assault any tankers attempting to move by way of the important thing route.
GasBuddy’s live-ticking common earlier than 11 a.m. ET on Tuesday confirmed U.S. gasoline costs nearing $3.10 per gallon.
— Kevin Breuninger
Alphabet workers press administration to reject potential Pentagon deal for Gemini AI
Cfoto | Future Publishing | Getty Photographs
Tech employees at Alphabet are pushing for clearer limits on army AI, as tensions rise throughout Silicon Valley following U.S. strikes on Iran and the Pentagon’s transfer to blacklist Anthropic’s fashions.
A wave of open letters circulating throughout the trade argues that current occasions have heightened considerations over how frontier AI might be utilized in warfare, surveillance and different high-risk authorities operations.
The largest strain level is now Google, with Alphabet reportedly in talks with the Pentagon about bringing its Gemini fashions into categorised environments, reviving a deeply delicate combat inside the corporate over army work.
Greater than 100 Google workers engaged on AI reportedly signed an inner letter final week urging leaders to undertake the identical crimson traces as Anthropic.
Jeff Dean, DeepMind’s chief scientist who acquired the memo, appeared to align with at the least a part of that concern, writing on X that mass surveillance violates the Fourth Modification, chills free expression, and is weak to political or discriminatory abuse.
Learn the total report right here.
— MacKenzie Sigalos & Jennifer Elias
U.S. closes embassies in Saudi Arabia and Kuwait
The US embassy headquarters in Riyadh is pictured on March 3, 2026, after it was hit by drone strikes earlier. Iran hit again at industrial and diplomatic targets throughout the Center East on March 3, with Washington warning its residents to evacuate your complete area.
– | Afp | Getty Photographs
The U.S. closed its embassies in Saudi Arabia and Kuwait.
The X account of the U.S. embassy in Riyadh, Saudi Arabia, cited a drone “assault on the power” for the closure there.
“On account of ongoing regional tensions, the U.S. Embassy in Kuwait might be closed till additional discover,” that embassy’s X account stated.
“We have canceled all common and emergency consular appointments. We’ll talk when the embassy returns to regular operations.”
— Dan Mangan
Dow plummets 1,000 factors
The Dow Jones Industrial Common continued to sink decrease Tuesday morning, falling greater than 1,000 factors, or 2.1%, and heading for its worst buying and selling day since April 2025.
— Kevin Breuninger
U.S. Embassy in Jerusalem can not help People go away Israel after State Dept. urges departure
The U.S. Embassy in Jerusalem stated in a single day that it “isn’t ready at the moment to evacuate or straight help People in departing Israel.”
The message got here hours after the U.S. State Division on Monday urged People to “DEPART NOW” from 14 nations within the Center East — together with Israel — “attributable to severe security dangers.”
The Jerusalem embassy’s official X account stated that Israel’s tourism ministry is operating shuttles to the Taba Border Crossing between Israel and Egypt, however that it “can’t make any advice (for or in opposition to)” that choice.
“In case you select to avail your self of this selection to depart, the U.S. authorities can’t assure your security,” the embassy stated.
— Kevin Breuninger
Shares plunge at market open as merchants react to Iran warfare
Journey chaos continues with greater than 18,000 cancellations since Saturday
Passengers sit ready for information about flights at Terminal 4 at London Heathrow Airport in west London on March 1, 2026, as flights are severely disrupted following the US and Israel’s strikes on Iran.
Justin Tallis | Afp | Getty Photographs
Greater than 1 million persons are caught in journey chaos as one other 1,900 flights have been canceled out and in of the Center East on Tuesday, in accordance with aviation-data agency Cirium.
Displaced clients and crews embody vacationers who have been utilizing main Center East hubs like Dubai, one of many greatest airport hubs on this planet, to get to different locations as far-flung as Paris and Beijing.
— Leslie Josephs
Gasoline costs see largest single-day leap in 4 years: Analyst
Gasoline costs round $5.00 a gallon at a 76 station on the nook of Seashore Boulevard and Lampson Avenue in Stanton, CA, on Monday, March 2, 2026.
Jeff Gritchen | Medianews Group | Getty Photographs
The nationwide common value of gasoline within the U.S. rose 12 cents per gallon on Monday, marking the most important spike in 4 years, GasBuddy chief petroleum analyst Patrick de Haan stated on X.
GasBuddy’s live-ticking common earlier than 9 a.m. ET on Tuesday confirmed U.S. gasoline costs above $3.08 per gallon.
De Haan stated in one other X submit that he doesn’t at present foresee gasoline costs hitting $4 per gallon “anytime quickly, even based mostly on poor outcomes with the present state of affairs.”
“If considering adjustments, I will submit right here,” he added.
— Kevin Breuninger
UAE says it has the fitting to defend itself
UAE’s Minister of State for Worldwide Cooperation Reem Al Hashimy arrives on the second day of the BRICS International Ministers assembly in Rio de Janeiro, Brazil, on April 29, 2025. (Picture by Pablo PORCIUNCULA / AFP) (Picture by PABLO PORCIUNCULA/AFP by way of Getty Photographs)
Pablo Porciuncula | Afp | Getty Photographs
The UAE reaffirmed its proper to self protection on Tuesday, stressing that any risk to Emirati sovereignty represents a risk to the broader Gulf.
Reem Al Hashimy, the nation’s minister of cooperation, stated in a information convention within the capital Abu Dhabi, that the Gulf Cooperation Council operates as “one system,” and that an assault on any member state endangers your complete area.
All six members of the GCC, the Arab monarchies of Kuwait, Bahrain, Saudi Arabia, Qatar, Oman and the United Arab Emirates, have all come beneath hearth from Iranian missiles and drones since Saturday.
Hashimy added that the UAE is not going to settle for actions that compromise its sovereignty or safety, warning that such escalations carry world penalties. Hashimy emphasised that the nation maintains the total proper to defend itself and stands firmly with GCC companions in responding to regional threats.
— Emma Graham
Ukraine’s Zelenskyy says his nation will assist the UAE defend lives
Ukraine’s President Volodymyr Zelenskyy speaks throughout a press briefing following cellphone calls with U.S. President Donald Trump, amid Russia’s assault on Ukraine, in Kyiv, Ukraine, Could 19, 2025.
Thomas Peter | Reuters
Ukraine’s president, Volodymyr Zelenskyy stated his nation will discover the right way to assist the United Arab Emirates defend itself from assaults by Iran.
The UAE has been one in all a number of nations throughout the Gulf that have come beneath missile and drone hearth as Iran retaliates following the U.S. and Israeli strikes which began on Saturday.
Amazon Internet Providers stated late Monday two of its information facilities within the United Arab Emirates and a facility in Bahrain have been broken by drone strikes, taking the services offline.
Different services and infrastructure within the UAE have additionally been broken.
Zelenskyy stated he mentioned the state of affairs with UAE President Mohamed bin Zayed Al Nahyan.
“I expressed my condolences over the lives misplaced because of Iran’s insane strikes,” Zelenskyy stated in a submit on X.
“The President famous that the Iranian regime is focusing on not solely army services however just about the whole lot – residential buildings, procuring malls, even mosques,” Zelenskyy stated.
“We mentioned how we will help on this state of affairs and assist the safety of lives. It was agreed that our groups will work on this. Defending lives is a shared precedence for everybody on this planet.”
— Azhar Sukri
Israel says it has ‘dismantled’ Iranian regime’s management compound
The Israeli army stated it has “dismantled” the Iranian regime’s management compound and killed the leaders there.
“This command headquarters was one of the vital closely secured belongings in Iran. The compound that housed the regime’s most senior discussion board was struck by the IAF in a single day utilizing exact intelligence,” the Israel Protection Forces stated in a submit on X.
— Azhar Sukri
Greenback rises as world threat urge for food plummets
The U.S. greenback edged greater on Tuesday morning, constructing on positive factors seen yesterday as buyers weighed the influence and potential length of the U.S.-Iran warfare.
Because the warfare entered its fourth day, the U.S. greenback index — which measures the dollar in opposition to a basket of main currencies — was virtually 1% greater.
Greenback index
A broad de-dollarization development has dented the worth of the greenback over the previous 12 months, with the greenback index dropping greater than 7% during the last 12 months. Traditionally, the greenback — the world’s reserve forex — has been extensively considered as a steady asset.
“A market that had jumped into the “de-dollarisation” development in substantial methods can get caught out rapidly if you reintroduce a terms-of-trade shock,” strategists at Mizuho EMEA stated in a notice this morning.
“You begin to see a scramble for USD liquidity — not as a result of folks all of a sudden love the greenback, however as a result of in stress the world nonetheless settles in USD, funds in USD, hedges in USD and in the end buys vitality in USD (with the US now a net-exporter too),” they added. “We have spent the previous 12 months watching FX correlations fly out the window due to the de-dollarization narrative, nicely that is the type of second that snaps all of it again.”
— Chloe Taylor
Putin doing his finest to defuse Center East tensions, Kremlin says
Russian President Vladimir Putin (C) enters the corridor through the assembly with Iranian President Masoud Pezeshkian (not pictured), October 11, 2024, in Ashgabat, Turkmenistan.
Contributor | Getty Photographs Information | Getty Photographs
Russian President Vladimir Putin is attempting to de-escalate tensions within the Center East as a lot as attainable, the Kremlin stated Tuesday.
“Putin will definitely make each effort to facilitate at the least a minor easing of tensions,” Putin’s press secretary Dmitry Peskov stated in feedback reported by state information company TASS.
“On this regard, we mentioned with just about all of our interlocutors yesterday that Putin will convey his deep concern concerning the strikes on their infrastructure to our colleagues in Iran, benefiting from the dialogue we preserve with the Iranian management,” Peskov added.
It is the primary public remark the Kremlin has made on the U.S. and Israel’s assaults on Iran, an in depth financial and army ally of Moscow’s, after 4 days of relentless strikes on the Islamic Republic’s management and army websites.
Analysts informed CNBC that Iran’s strongest allies, Russia and China, have been unlikely to come back to the regime’s rescue, regardless of their “strategic partnerships.”
Learn extra right here: Why Iran mustn’t depend on allies Russia and China to come back to its help
— Holly Ellyatt
Oil costs spike
Oil costs rose additional on Tuesday, as missile strikes throughout the Center East continued and Iran reportedly closed the Strait of Hormuz, a delivery route vital to the worldwide transportation of oil and different items.
At 5 a.m. ET, world benchmark Brent crude oil futures jumped 5.4% to $81.96, touching a 1-year excessive after gaining greater than 7% on Monday.
Brent crude futures
Entrance-month West Texas Intermediate oil futures have been 5.8% greater at round $75.55, relating their highest costs since mid-2025.
— Chloe Taylor
Oil supertanker charges hit all-time excessive as Iran pledges to shut the Strait of Hormuz
Naval items from Iran and Russia perform to simulation of rescue a hijacked vessel through the joint naval drills held on the Port of Bandar Abbas close to the Strait of Hormuz in Hormozgan, Iran on February 19, 2026.
Anadolu | Anadolu | Getty Photographs
The price of hauling crude oil from the Center East to China has soared to document ranges because the U.S.-Israel warfare on Iran dramatically expands throughout the area.
The benchmark freight price for the Very Massive Crude Carriers (VLCCs) used to ship 2 million barrels of oil from the Center East to China climbed to $423,736 per day, information from LSEG confirmed on Monday, reflecting a rise of greater than 94% from the earlier session.
The dramatic transfer comes as delivery visitors grinds to an efficient halt within the strategically important Strait of Hormuz, amid fears of extended disruption to world commerce.
For extra, click on right here: Oil supertanker charges hit all-time excessive as Iran pledges to shut the Strait of Hormuz.
— Sam Meredith
European shares sharply decrease as Center East battle intensifies
European shares traded sharply decrease on Tuesday, because the intensifying battle within the Center East continued to weigh on world investor sentiment.
By 9:35 a.m. in London (4:35 a.m. ET), the pan-European Stoxx 600 was 2.7% decrease, extending Monday’s steep losses that noticed the index shut down 1.6%.
Stoxx 600
On Tuesday morning, shares throughout sectors have been being offered off, with financial institution shares down 3.8%, insurance coverage shares, down 4.2%, and mining shares, down 3.9%, main losses. Even the Stoxx Aerospace and Protection index, dwelling to the area’s greatest protection primes, shed 2.5% after ending Monday’s session in optimistic territory.
— Chloe Taylor
Israeli army deploys further forces to southern Lebanon
Plumes of smoke rise from the websites of Israeli airstrikes on the southern suburbs of Beirut on March 3, 2026. (Picture by IBRAHIM AMRO / AFP by way of Getty Photographs)
Ibrahim Amro | Afp | Getty Photographs
Israel’s army stated on Tuesday it has deployed further forces to southern Lebanon to guard Israeli residents close to the border.
“The [Israel Defense Force] is working to create a further layer of safety for the residents of the north, by way of intensive assaults on the infrastructure of the terrorist group Hezbollah, with the intention to thwart threats and stop makes an attempt to infiltrate the territory of the State of Israel,” a spokesman stated in an announcement.
Israeli Protection Minister Israel Katz stated he and Prime Minister Benjamin Netanyahu had licensed the army to “advance and seize further controlling areas in Lebanon to stop firing on Israeli border settlements.”
In an announcement on X, Katz stated: “The [Israeli Defense Force] continues to function with pressure in opposition to Hezbollah targets in Lebanon.”
— Azhar Sukri
South Korean protection shares see large surge on Iran warfare
South Korean protection shares pared positive factors, however nonetheless noticed large spikes on Tuesday after the nation’s markets returned from a public vacation, because the Iran warfare fueled curiosity in protection names globally.
Heavyweight Hanwha Aerospace, which is South Korea’s largest protection producer, noticed shares surge almost 25%, earlier than moderating to a few 20% achieve, whereas Korea Aerospace Industries gained greater than 12%, however lower these to three%.
Shares in air protection techniques maker LIG Nex1 soared 30%, whereas digital warfare techniques producer Victek and anti-aircraft missile elements’ maker Firstec noticed shares rise about 29.3% and 18%, respectively.
— Lim Hui Jie
U.S. State Division orders evacuations of personnel from 3 extra nations
The U.S. State Division has issued evacuation orders for non-emergency U.S. authorities personnel and their relations in Bahrain, Iraq and Jordan.
This was attributable to “safety considerations,” with the State Division journey threat at degree 3 for each Bahrain and Jordan, and at degree 4 for Iraq, which signifies “don’t journey.”
This comes after reported retaliatory strikes on U.S. bases in Bahrain and drone assaults on inns housing U.S. troops by Iranian-backed militia in Iraq.
— Lim Hui Jie
Supreme chief successor appointment ‘will not take lengthy’: Iran native media
FILE PHOTO: Iran’s Supreme Chief Ayatollah Ali Khamenei speaks in Tehran January 8, 2007.
Stringer Iran | Reuters
Iran’s ISNA information company reported Tuesday {that a} member of the Meeting of Consultants stated appointing a successor to Ayatollah Ali Khamenei “will not take lengthy.”
Underneath Iran’s structure, the supreme chief is appointed by the Meeting of Consultants, an 88-member clerical physique elected by the general public each eight years. Candidates are first vetted by the Guardian Council, which tightly controls who can run.
When the place turns into vacant, the Meeting convenes to deliberate and choose a successor. The choice requires a easy majority vote.
Within the interim, a provisional three-member management council assumes the supreme chief’s duties till a alternative is formally appointed.
— Lee Ying Shan
Israel says it’s conducting ‘simultaneous focused’ strikes on Tehran and Beirut
This body seize from AFPTV video footage taken on March 3, 2026 reveals smoke rising into the air after Israeli strikes hit the outskirts of Beirut.
Kamal Mehanna | Afp | Getty Photographs
The Israeli army stated it was conducting simultaneous focused strikes in opposition to army targets in Tehran and Beirut, the authorities stated in a X submit on Tuesday.
The U.S. and Israeli warfare in opposition to Iran widened to Lebanon on Monday after the Lebanese Hezbollah militia fired missiles and drones into Israel.
— Anniek Bao
The Strait of Hormuz is going through a blockade. These nations might be most impacted
ANKARA, TURKIYE – FEBRUARY 28: An infographic titled “Strait of Hormuz” created in Ankara, Turkiye on February 28, 2026. (Picture by Bedirhan Demirel/Anadolu by way of Getty Photographs)
Anadolu | Anadolu | Getty Photographs
The closure of the Strait of Hormuz by Iran is sending shockwaves throughout world vitality markets, with Asia anticipated to face the utmost ache.
A protracted closure of the Strait would possible result in an extra surge in oil costs, with some analysts seeing oil crossing $100 per barrel. World benchmark Brent was final up 2.6% at round $80 per barrel —virtually 10% greater because the battle broke out.
About 20% of worldwide liquefied pure gasoline exports that come from the Gulf are additionally in danger.
“In Asia, Thailand, India, Korea and the Philippines are essentially the most weak to greater oil costs, attributable to their excessive import dependence, whereas Malaysia could be a relative beneficiary since it’s an vitality exporter,” Nomura wrote in a notice on Monday.
Learn the total story right here.
— Lee Ying Shan
Trump touts ‘just about limitless’ U.S. munitions; UAE, Qatar deny weapons’ scarcity
U.S. President Donald Trump speaks throughout a Medal of Honor ceremony within the East Room of the White Home in Washington, United States, on March 02, 2026.
Kyle Mazza | Anadolu | Getty Photographs
President Donald Trump stated Tuesday that the U.S. has a “just about limitless provide” of munitions because the warfare with Iran escalates.
He added that the stockpiles “on the medium and higher medium grade” have by no means been greater or higher. It was not instantly clear what weapon grades Trump was referring to.
‘Wars will be fought “endlessly,” and really efficiently, utilizing simply these provides (that are higher than different nations most interesting arms!),” Trump stated in a submit on Reality Social.
He added that “A lot further excessive grade weaponry is saved for us in outlying nations.”
Earlier, the United Arab Emirates and Qatar denied studies that their inventories of Patriot interceptor missiles have been operating low.
The 2 nations had requested help to counter aerial threats reminiscent of missiles and drones, Bloomberg reported, citing folks aware of the matter.
“These assertions are unfounded and misrepresent the UAE’s excessive degree of preparedness, technological sophistication, and operational readiness,” the UAE Ministry of International Affairs stated in an announcement.
Qatar’s Worldwide Media Workplace additionally stated it’s “well-stocked” with Patriot interceptor missiles.
— Victor Loh
Amazon says drone strikes broken three information facilities in UAE and Bahrain
Folks stroll previous the emblem of Amazon Internet Providers (AWS) at its exhibitor stall on the India Cellular Congress 2025 at Yashobhoomi, a conference and expo middle in New Delhi, India, October 8, 2025.
Anushree Fadnavis | Reuters
Amazon‘s cloud computing unit confirmed three of its information facilities within the Center East have been broken by drone strikes, taking the services offline.
The corporate posted in an replace to its Amazon Internet Providers well being dashboard that two services within the United Arab Emirates have been “straight struck” by drones on Sunday, inflicting intensive injury. A web site in Bahrain was broken attributable to a drone strike that occurred close by.
“These strikes have prompted structural injury, disrupted energy supply to our infrastructure, and in some circumstances required hearth suppression actions that resulted in further water injury,” the corporate wrote.
AWS inspired clients to contemplate migrating workloads to different areas because the state of affairs within the area stays “unpredictable.” It additionally stated anticipated a protracted restoration “given the character of the bodily injury concerned.”
— Annie Palmer
Trump says U.S. response to assault on its embassy might be revealed ‘quickly’
U.S. President Donald Trump informed NewsNation that particulars of Washington’s response to the assault on the U.S. Embassy in Riyadh, and for the deaths of American army personnel within the Iran battle, could be revealed “quickly,” in accordance with a reporter from the outlet who shared excerpts of the interview on X on Monday.
Trump additionally stated that boots on the bottom will not be crucial, in accordance with the reporter’s submit.
Saudi Arabia’s protection ministry stated earlier that the U.S. embassy had been hit by drones, inflicting a small hearth and minor materials injury.
— Vinay Dwivedi
U.S. Embassy in Riyadh hit by drones, inflicting ‘restricted hearth,’ no accidents reported
The U.S. Embassy in Saudi Arabia’s capital metropolis Riyadh was hit by two drones on Tuesday morning, in accordance with the Center Jap nation’s Protection Ministry.
The drone assault resulted in a “restricted hearth and minor materials injury” to the constructing, in accordance with the protection authority.
The U.S. Embassy in Saudi Arabia has issued a warning for folks in Jeddah, Riyadh and Dhahran to cover in a shelter and restricted nonessential journey to any army installations within the area.
“We advocate Americans within the Kingdom to shelter in place instantly,” the embassy stated in a submit on X.
— Anniek Bao
Source link
#Iran #live #updates #Trump #denies #Israel #pulled #U.S #warfare #forced #Israels #hand


