UAE faces a new wave of missile and drone attacks

Investing.com - The United Arab Emirates experienced a new wave of missile and drone attacks on Wednesday, according to the UAE Ministry of Defense, which said its defense systems intercepted multiple missiles launched from Iran.

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Officials stated that the loud explosions heard in several regions of the country were caused by successful interception operations.

In Oman, reports indicated that one drone was shot down, and another fell into the sea north of Duqm.

Oman’s national news agency stated there were no casualties or damages but condemned the ongoing attack actions. Duqm is a major port and an emerging economic hub, gaining increasing strategic importance in recent years.

In the UAE, Dubai authorities reported that two drones fell near Dubai International Airport, injuring four people. Air traffic remains normal.

European markets softened in early Wednesday trading. However, U.S. stock index futures are currently rising.

The European market trend reversed from the initial gains on Tuesday, when stock markets opened higher after U.S. President Donald Trump made comments suggesting that the Iran conflict might be nearing an end.

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