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flag Middle East tensions caused global flight cancellations, stock drops, and rising oil prices on March 2, 2026.

flag Global travel and aviation stocks tumbled on March 2, 2026, as escalating Middle East tensions between the U.S., Israel, and Iran triggered airspace closures, flight cancellations, and reroutings. flag Major carriers including Lufthansa, Air France-KLM, IAG, and TUI saw shares drop 5% to 9%, while Indian airlines like IndiGo and SpiceJet fell 7% to 9%, and travel platforms such as Yatra Online and Ixigo plunged up to 13.5%. flag Key Gulf hubs like Dubai and Doha were affected, disrupting international connectivity, increasing fuel costs, and stranding passengers. flag Oil prices surged nearly 9%, and broader markets declined amid fears of prolonged instability.

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