The Token2049 cryptocurrency conference - one of the world's largest - will not take place in Dubai next month as planned amid Iran's ongoing missile strikes on the UAE and other Middle Eastern countries, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-13/dubai-crypto-event-token2049-postponed-as-iran-war-continues?srnd=homepage-europe&amp;embedded-checkout=true">reports. </a>

Dubai postponed one of the largest cryptocurrency conferences in the world due to Iranian attacks

NATO on Friday, March 13, intercepted an Iranian ballistic missile that entered Turkish airspace, the country's Defense Ministry said in a statement <a href="https://www.bloomberg.com/news/articles/2026-03-13/nato-intercepts-third-iranian-missile-in-turkish-airspace?embedded-checkout=true">quoted by </a>Bloomberg. According to Turkish media, the interception apparently took place in the sky above Incirlik airbase, where hundreds of U.S. military personnel are stationed - sirens sounded there, the agency reports.

NATO forces shot down an Iranian ballistic missile over Turkey. This is the third time

The U.S. Navy is not yet ready to escort oil tankers through the Strait of Hormuz, strategically important for global supplies, the country's Energy Secretary Chris Wright <a href="https://www.cnbc.com/2026/03/12/energy-secretary-wright-says-us-not-ready-to-escort-tankers-through-strait-of-hormuz-yet.html">said</a> in an interview with CNBC. Such a possibility was not previously ruled out by President Donald Trump. But according to the head of the Energy Ministry, it is likely to appear only by the end of the month.

US not yet ready to escort tankers through the Strait of Hormuz - Energy Ministry

The Goldman Sachs Group, Inc.

Citigroup Inc.

Iran has stepped up strikes on Dubai, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-12/iran-escalates-attacks-on-shipping-and-dubai-sending-oil-higher?embedded-checkout=true">reports </a>. On Thursday morning, the emirate's authorities reported incidents with drones: in one case, debris fell on the facade of a building, in another - a drone struck the territory of a new high-rise residential complex.

Iran has stepped up attacks on Dubai. Goldman Sachs and Citi urged employees to leave their offices

Nebius Group N.V.

NVIDIA Corporation

Nvidia announced that it will invest $2 billion in Nebius, Arkady Volozh's cloud-based artificial intelligence company. Nebius shares soared 10.7% on the New York premarket. Their market value is up 15% since the opening of trading in the U.S. on March 11. Nvidia shares are up 1.4%.

Nvidia will invest $2 billion in cloud provider Nebius. Its shares jumped 15%

Three ships were attacked in the Strait of Hormuz on March 11, the UK Maritime Trade Operations (UKMTO) and the UK Maritime Trade Operations Center <a href="https://www.ukmto.org/recent-incidents">reported</a>. A cargo ship off the coast of Oman was struck by an unknown projectile, causing a fire on board. Its crew evacuated. A container ship west of Ras al-Khaimah and a bulk carrier northwest of Dubai were also hit.

Three ships attacked in the Strait of Hormuz

Oil prices have lost some of the gains recorded the day before during the explosive rally. Iran is going to impose "security" duties on oil tankers passing through the Persian Gulf. Here are the major developments in the conflict in the Middle East to this point.

Relief rally and duties on oil tankers: day 11 of the Iran war

Vista Energy, S.A.B. de C.V.

Ecopetrol S.A.

SLB N.V.

Targa Resources Corp.

The beginning of the working week was extremely nervous for investors. Monday began with a sharp rise in oil prices - the cost of Brent soared by 29% and for the first time since 2022 approached $120 on the background of production cuts in the Middle East. This caused panic on Asian stock exchanges - stocks in Japan fell by more than 5%, in South Korea - by almost 6%. In Europe, the mood was also negative - the STOXX Europe 600 composite index lost 0.6% at the end of the day. Trading in the US was in the red zone for most of the day, but an hour before the close Donald Trump said that "the war is almost over". This caused investors' euphoria - stocks soared, while oil went into negative territory. Oninvest followed what was happening in the market all day long. This is the end of our online coverage.

Trump brought euphoria back to the market, Nasdaq soared 1.4%, oil price collapsed: online

Samsung Electronics Co., Ltd.

SK hynix Inc.

Amid an explosive rally in oil prices on the morning of Monday, March 9, the MSCI Asia-Pacific index collapsed 5.6 percent, the steepest decline since April, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-08/oil-tops-100-as-war-rages-stocks-set-to-fall-markets-wrap">calculated. </a>

Vesna Pedchenko

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