US President Donald Trump speaks at a meeting with Chancellor Merz (CDU) in the White House. Topics include the war in Iran, the customs dispute between the EU and the USA, the Russian war of aggression against Ukraine and China policy.
Kay Nietfeld | Picture Alliance | Getty Images
What you need to know today
Trump said the USA will offer insurance for “ALL maritime trade” in the Middle East, adding that the U.S. Navy would escort ships through the Strait of Hormuz if necessary.
The US markets were able to reduce their losses after Trump’s postwith The Dow Jones Industrial Average The decline ended at 403.51 points or 0.83%. At its lowest point, the Dow was down more than 1,200 points. The S&P 500 slipped 0.94% while the Nasdaq Composite Lost 1.02%.
Europe and Asian economies could be hit Analysts warned that this was due to a continued rise in natural gas prices triggered by the ongoing war in the Middle East. Both regions are more exposed to potential gas price shocks than the US, which benefits from both domestic shale and LNG production.
Failures in Apps and digital services in the United Arab Emirates are reported below Drone attacks To Amazon Web Services’ data centers in the country. AWS said late Monday that two of them Data centers in the United Arab Emirates and a facility in Bahrain were damaged by drone strikes, rendering the facilities out of service.
And finally…
My Emirates flight to Dubai turned around because of Iranian missiles: CNBC bureau chief
Emma Graham, CNBC’s Middle East bureau chief, was on one of the first repatriation flights back to the United Arab Emirates after U.S. and Israeli attacks on Iran escalated into a larger regional war.
On Monday, Emirates and Etihad announced a small number of flights to and from Dubai: repatriation flights for Emirati nationals and residents and others to evacuate tourists stranded in the country.
However, with only about 30 minutes left of the 3.5-hour journey from Mumbai to Dubai, the captain of Graham’s Emirates flight told passengers it was necessary turn around due to missiles fired from Iran in the UAE.
