Iran War: UAE’s Fujairah Oil Port Damaged, Iran Denies It Wants Truce | The Opening Trade 3/16/2026

Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai’s main airport.

The United Arab Emirates and Saudi Arabia reported drone and missile attacks overnight into Monday. Dubai halted flights at its main airport following a fire at a fuel tank that it said was caused by an Iranian drone. It announced a gradual resumption a few hours later, though Emirates said some of its scheduled flights for the day would be canceled.

The key UAE oil-export port of Fujairah was hit again on Monday, following a strike on Saturday that forced it to suspend some shipments for about a day.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Lizzy Burden and Tom Mackenzie.

Chapters:
00:00:00 – Opening Trade
00:00:31 – Market Check
00:02:21 – Iran War: Trump Pressues NATO Allies
00:04:56 – Central Bank Rate Decisions This Week
00:06:35 – UniCredit Offers to Buy Commerzbank
00:09:27 – EU’s Kallas on Strait of Hormuz
00:10:53 – France: Far-Right Wins 43% in Nice
00:11:01 – ‘One Battle After After Another’ Wins Oscar for Best Picture
00:13:15 – Iran War: UAE’s Fujairah Port Hit
00:16:14 – Oil Price
00:25:41 – Will Discuss Iran Sanctions Today: Lithuanian Foreign Minister Budrys
00:39:28 – Fed, ECB, BOE Confront Inflations Risks
00:46:38 – Stocks to Watch: Energy, Banks, Airlines
01:03:10 – UniCredit Makes Bid to Cross 30% of Commerzbank
01:16:00 – Statkraft CEO Birgitte Vartdal on Iran War
01:25:34 – Bahrain Cuts Aluminum Output
01:28:37 – Perfect Storm for European Steel Industry: Eurofer Director-General
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