Market News: Three Loud Bangs Heard in Dubai
**Breaking: 3 Explosions, Attacks Target Dubai on March 1**
According to initial reports, Dubai was hit by three loud explosions on March 1.
Local time around 1:30 a.m. on March 1, the northeast side of Dubai’s Burj Al Arab was targeted in an attack, sparking a fire. Guests were asleep when the blast struck, jolted awake by the loud explosion and strong shockwave. They evacuated via emergency exits, and thick smoke filled the hotel lobby. The fire has since been extinguished.
Earlier this morning, Iranian drones targeted Dubai International Airport. The airport is currently undergoing evacuation procedures, all flights have been canceled, and Dubai airspace is closed.
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Eulogy: Plan in Place for Post-Death Phase of Khamenei
**March 1st Update**
Iranian Parliament Speaker Kalibaf delivered a televised address on the assassination of Iran’s Supreme Leader Khamenei on March 1st, stating Iran is prepared for all scenarios—including planning for the posthumous phase of Khamenei.
Kalibaf also noted the U.S. and Israel have crossed Iran’s red lines, adding Iran will deliver them a “heavy blow.” He warned separatist groups would face severe repression if they take action.
Separately, Larijani, an advisor to Iran’s Supreme Leader, announced an interim leadership council will be established on March 1st.
(Source: Golden Finance)
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Next Week Outlook: Non-Farm Payrolls and Unemployment Rate Data Released, Escalation of Middle East Conflict Spurs Risk-off Sentiment
As of March 1, U.S.-Iran geopolitical tensions are set to introduce significant variables next week, with global markets poised to swing amid high uncertainty and risk aversion.
### Key U.S. Macro Events Next Week:
- **Monday 22:45**: U.S. February Final Markit Manufacturing PMI
- **Monday 23:00**: U.S. February ISM Manufacturing PMI
- **Wednesday 21:15**: U.S. February ADP Employment Change
- **Thursday 03:00**: Federal Reserve releases Beige Book
- **Thursday 20:30**: U.S. February Challenger Job Cuts
- **Thursday 21:30**: U.S. Initial Jobless Claims (Feb 28 week) + U.S. January Import Price Index (month-over-month)
- **Friday 21:30**: U.S. February Unemployment Rate, Non-Farm Payrolls (NFP) + January Retail Sales (month-over-month)
### U.S. Stock Market Update:
Latest data shows the Nasdaq Composite has failed to notch a new high for four straight months, while both the S&P 500 and Nasdaq posted their worst monthly performance since March last year. This signal
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US-Iran Conflict Spurs $600M in Bets, Polymarket Launches Multiple Related Contracts
On March 1, hours after the U.S. launched an airstrike against Iran, decentralized prediction platform Polymarket rolled out over a dozen contracts tied to the U.S.-Iran conflict—with total wagers topping $600 million.
Among these, the contract “Will Khamenei lose his position as Supreme Leader by March 31?” settled at 100% following confirmation of his death, with single-market trading volume hitting $45 million. The “Will the U.S. strike Iran by a specified date” contract, launched last December, has amassed $529 million in total trading volume, ranking among the platform’s largest markets ever.
Additionally, the “Iranian regime collapses by June 30” contract now has a 54% probability, while the “U.S. deploys military forces to Iran by March 7” contract stands at roughly 28%.
On-chain analytics firm Bubblemaps noted six wallets correctly bet on “U.S. airstrike on Iran the same day” ahead of the February 28 airstrike, netting ~$1.2 million in total profits—raising red flags o
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US Media Reveals Before and After Satellite Images of Attack on Khamenei's Residence
On March 1, CBS News released satellite images showing before-and-after views of the residence of Iran’s late Supreme Leader Ayatollah Khamenei in Tehran, following a joint U.S.-Israeli attack on the morning of February 28.
The conflict remains ongoing: Iran’s Islamic Revolutionary Guard Corps (IRGC) has launched large-scale missile and drone strikes against Israeli and U.S. military bases in the region. Preliminary reports indicate Jerusalem has been targeted, while explosions and rising smoke were reported in Haifa, Israel.
Qatar’s capital Doha was again targeted by missile strikes from the southwest, triggering the activation of Qatar’s air defense systems for interception. The U.S. Al Udeid Air Base—located roughly 35 kilometers southwest of Doha—is one of the largest U.S. military bases in the Gulf.
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