In recent days, the situation in Iran has rapidly deteriorated. News has come in that Iran has carried out large-scale missile and drone attacks across the UAE.

The scale of the attack from Iran's side is significant, with 137 missiles and 209 drones launched. However, most were intercepted by air defense systems, but some hit their targets, causing human casualties and damage to facilities.

The situation within the UAE is quite serious. Zayed International Airport in Abu Dhabi was directly hit, resulting in one death and seven injuries. The waiting area at Dubai International Airport was also damaged, with four staff members injured. Additionally, the Fairmont Palm Hotel on Palm Island was hit by a missile attack, causing a fire, and the Khalifa Tower has been evacuated urgently.

Currently, the UAE has completely closed its airspace, and all air traffic has come to a halt. Many travelers are stranded, and logistics are heavily impacted. A major exchange has also issued a notice to UAE employees to avoid outdoor activities and stay indoors.

The geopolitical risk surrounding Iran is rapidly increasing. During such times, markets tend to become nervous. In fact, the volatility of various assets is also on the rise. There may be an increased tendency toward risk aversion for the time being.