Key Gulf air hubs caught up in Iran conflict

Following US and Israel strikes on the Islamic Republic, Iran's retaliatory strikes have hit targets across the Gulf, forcing authorities to close airspace and stalling traffic at big hubs such as Dubai and Abu Dhabi. "Gulf airspace closures are disrupting aviation corridors between Europe and Asia," wrote analysts from ING bank in a note on Monday. Kathleen Brooks, research director at trading platform XTB, noted that the Middle East sees 18 percent of air freight. This "will now be impacted...