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Falling Gulf Markets

The Israeli military launched its most widespread wave of airstrikes against Iran-backed Hezbollah, targeting Lebanon’s south, eastern Bekaa Valley and northern region near Syria simultaneously after nearly a year of conflict. Another round of attacks was expected. Israeli aircraft are preparing to attack Hezbollah strategic weapons stashed in houses in Lebanon’s Bekaa valley, the Israeli military spokesperson said, calling on civilians to evacuate immediately. Most stock markets in the Gulf ended lower on Monday amid rising tensions in the region, with the Dubai index snapping two sessions of gains. Is the world economy about to reset ?

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