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Dubai, the world’s busiest international hub, and Doha remained shut for a third day, leaving tens of thousands of passengers stranded as aviation faced its biggest test since the COVID pandemic. Jordan on Monday became the latest country in the region to partially close its airspace.
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The rupee, which has lost 6.4% against the US dollar so far in FY26, had closed at 90.98/$1 Friday (February 27), while sovereign bond yields remained relatively unmoved.
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Eight key stocks — including big movers like Tejas Networks, Adani Ports, L&T and Indigo — saw sharp swings on Monday as escalating Middle East tensions, rising crude prices and defence orders drove intense sector-wide volatility.
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Dubai, the world’s busiest international hub, and Doha remained shut for a third day, leaving tens of thousands of passengers stranded as aviation faced its biggest test since the COVID pandemic. Jordan on Monday became the latest country in the region to partially close its airspace.
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The United States and Israel launched their most ambitious attacks on Iran in decades ​on Saturday, killing Supreme Leader Ayatollah Ali Khamenei. Oil and natural gas prices surged on Monday as the strikes and retaliation ​by Tehran forced shutdowns of oil and gas facilities across the Middle East and disrupted shipping in the crucial Strait of Hormuz.
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