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🇦🇪🇮🇷Dubai Market Crashes Amid Iran Conflict Dubai's main stock index has officially entered a bear market, plummeting since its peak in late February. The Dubai Financial Market General Index (DFMGI) has fallen approximately 22%, erasing over $43 billion in market value. This significant downturn is directly linked to the escalating conflict with Iran and resulting instability in the Strait of Hormuz. Key sectors including banking, real estate, and tourism have sustained heavy losses. Minas Tirith | 24/7 News channel