The situation in Iran has worsened, with Tehran's refusal to engage in dialogue with the US after the seizure of an Iranian vessel. The UAE's senior scholar has indicated a strategic shift away from reliance on US military bases, reflecting a broader reassessment among regional powers in light of Iranian missile and drone strikes. The UAE has suffered over $120 billion in market capitalisation losses and a 16% decline in Dubai's real estate index since the conflict escalated, highlighting the economic impact of these tensions.
INTERNATIONALPublished 19 Feb 2026 • Published 60 days ago • Updated 52m ago
Iran-US Tensions Escalate Amid Military Strikes and Economic Losses
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Tensions in Iran escalate as the US and Iran remain at an impasse following the seizure of an Iranian vessel. The UAE's military strategy is shifting, with significant economic losses reported. The International Energy Agency warns of severe oil supply disruptions amid ongoing regional conflicts.
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