Event Watch
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We report global events and break them down with clear explanations, context, and facts so you understand the full story behind the news.
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Free fall of housing prices in Dubai

✅ In an unprecedented shock to the Dubai real estate market, prices have fallen 15% in just the past 5 days, leaving investors stunned and terrified.

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Iran under black rain after US-Israeli strikes on oil facilities

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How did Netanyahu drag Trump into a war with Iran?

Mahjoub Al-Zuwairi, senior researcher at the Middle East Council and professor at Qatar University:
Netanyahu believes Trump can give him everything. He will invest in Trump until the end of his presidency to do what he calls the new Middle East.

This war started without a clear objective. I wouldn't be surprised if the war stops tonight or after six months. After the 12-day war, Trump suddenly stopped the conflict without prior notice. It later became clear that he pressured the Israelis to stop the war because at that time he thought the goal had already been achieved.

Europeans are becoming politically and internally security-wise insignificant. I see that they have tried to establish connections and some arrangements to help the Gulf region are being formed, but it is too late.

This war could have been avoided, just as other wars after October 7 could have been prevented. These are Netanyahu's wars; he dragged everyone into these wars and now everyone is paying the price. Europeans are also paying the price.

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The Pentagon confirms that about 140 U.S. troops have been injured in Operation Epic Fury, including 8 severely and 108 who have returned to duty.

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The Pentagon confirms that about 140 U.S. troops have been injured in Operation Epic Fury, including 8 severely and 108 who have returned to duty. @EventWatch
🇺🇸🇺🇸 🇮🇷 Iranian Foreign Minister says "US officials are posting fake news to manipulate markets."

"It won't protect them from inflationary tsunami they've imposed on Americans. Markets are facing biggest shortfall in history."

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🛢🇮🇷 Iran is exporting more oil through the Strait of Hormuz than before the war, WSJ reports.

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BREAKING: International Energy Agency approves release of 400M barrels from global oil reserves to ease supply pressure, the largest in history.

For reference, here are the past IEA emergency oil releases:

• 1991 – Gulf War supply shock (~17M barrels)
• 2005 – Hurricane Katrina (~60M barrels)
• 2011 – Libyan Civil War (~60M barrels)
• 2022 – Russian Ukraine War (~182M barrels)

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Iran's new condition for passing through the Strait of Hormuz: oil in exchange for yuan

CNN, quoting a senior Iranian official, claimed that Iran is considering granting passage permission to a limited number of oil tankers through the Strait of Hormuz, provided that all these oil transactions are conducted in Chinese yuan.
🔹Currently, the majority of international oil transactions are conducted in dollars, but Iran's decision to carry out these transactions in Chinese yuan could significantly change this situation. China has been trying for several years to expand the use of its currency in global energy markets.

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Citibank branches in Dubai and Manama targeted by drone attack

✅ Last night, Citibank branches in Dubai (UAE) and Manama (Bahrain) were hit by unidentified drones and caught fire.
✅ Citibank is considered the third largest American bank in terms of assets.


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Dubai property value dropped by 33%


✅ The Dubai stock market real estate index (DFM Real Estate Index) plummeted 33% from 17,250 points to 11,417 points, wiping out $270 billion of this market's value in just 10 days.

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