Dubai Flight Suspensions Disrupt Gold and Diamond Supplies to India Amid Middle East Tensions

Flight cancellations due to US and Israeli strikes on Iran have disrupted Dubai's gold and diamond trading hub, affecting physical flows to key markets including India, Switzerland, and Hong Kong. Dubai is a major supplier of gold and rough diamonds to India, which could face shortages amid the airspace closure. The extent of global supply impact depends on the duration of the regional tensions, while financial markets in Shanghai, London, and New York remain operational.