Dubai Index Drops 1.5% Amid Hormuz Attacks

Dubai's main share index slipped 1.5% in early trade on Tuesday as fresh Iran‑UAE attacks heightened Hormuz tensions.
Toll operator Salik Company and property developer Emaar Properties each dropped around 2%, contributing to the index decline.
Iran launched drone and missile attacks across the UAE, igniting a fire at Fujairah oil port, a key export hub.
Washington is working to reopen the Strait of Hormuz to relieve pressure on global energy supplies after Iran largely closed the passage.