CNBC Daily Open: Markets digest U.S.-Iran war as conflict spreads
By Dylan Butts
Published on March 3, 2026.
The first flights from Dubai have been cleared to depart since the U.S. and Israel attacked Iran, resulting in over 11,000 canceled flights across the Middle East. Oil prices rose after Iran reportedly announced it had closed the Strait of Hormuz. Apple launched a lower-cost iPhone 17e and a new iPad Air powered by its M4 chip on Monday, opening up a week of product launches. Uncertainty is growing over U.K. President Donald Trump's upcoming trip to China after Iran's strikes on Iran killed Supreme Leader Ayatollah Ali Khamenei, which could complicate his trip.
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