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UAE-Iran Escalation: The UAE says a drone strike sparked a fire near Abu Dhabi’s Barakah nuclear plant, with radiological levels unaffected and investigations ongoing—while Trump warns Iran the “clock is ticking” as US-Iran talks stall. Hormuz Pressure & Oil Flows: Iraq’s new finance minister urges a push for non-oil revenue as Hormuz restrictions cut exports to about 10 million barrels in April, forcing more reliance on northern routes. Israel Economy Hit by War: Israel’s Q1 GDP contracted at a 3.3% annualized pace, with consumer spending, exports and government spending down, as the Iran war disrupts activity. Diplomacy in Sports: FIFA and Iran say they had “positive and constructive” talks to secure Iran’s 2026 World Cup participation. Markets & Cost of War: Bond markets wobble on inflation fears tied to the Iran-linked energy shock, while Egypt moves to stabilize food supplies ahead of Eid al-Adha. Regional Watch: MPs examine how the Iran war is feeding food-chain strain and inflation.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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Gift Nifty signals weak start as Middle East tensions rattle global market

Gift Nifty signals weak start as Middle East tensions rattle global market


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