Yesterday I saw a report that capital is aggressively fleeing the Middle East and beginning to flood into Hong Kong and Singapore. Due to the capital outflow from Dubai, housing prices plummeted by 35%, causing panic among the government and capital control measures. The transfer of $100000 requires scrutiny, which is the core factor behind the recent rise in BTC and Hong Kong housing prices! This morning, while watching the news, a drone crashed into an oil tank at Dubai International Airport, causing flames to burst into the sky. Due to Dubai's strict media control, many people are unable to post on social media and may face a two-year imprisonment risk. It is truly heartbreaking that such a free country has been hit back to its original form by a US Iran plane! Dubai, as the busiest international aviation hub in the world, has completely suspended flights and begun indefinite closure, which is a sharp sword affecting Dubai's economy! Additionally, the National Oil Company of the United Arab Emirates has shut down over 50% of its crude oil production capacity. The crude oil loading operation at Fujairah Port has been suspended. With oil prices soaring above $100 and route closures, major airlines around the world need to avoid the volatile Middle East region, adding insult to injury to the already weak profitability of the aviation industry! I just checked and from the current list of airlines, the scale of this disaster is much larger than we imagined, which can be said to have directly stalled the engine of the Middle East economy. Currently, Emirates Airlines is grounded. Etihad Airways is grounded. Qatar Airways is grounded. Air India has indefinitely suspended flights to all destinations throughout the Middle East region. Türkiye Airlines suspended flights to the Middle East. Lufthansa has suspended flights to Dubai. Air France has suspended flights to Tel Aviv and Beirut. Currently, British Airways is affected. Virgin Atlantic is affected. Japan Airlines has been affected. Norwegian Airlines, Polish Airlines, Scandinavian Airlines, Aegean Airlines, Iberia Airlines, Arabian Airlines, Pakistan International Airlines, Saudi Arabian Airlines, and Algerian Airlines have all been affected, with all flights suspended or diverted. This is not a regional interruption, but a failure of the global aviation network at one of its most critical nodes. Dubai is not just an airport, it is the largest hub connecting Asia, Europe, Africa, and the Middle East. All flights from Mumbai to London, from Singapore to Frankfurt, from Nairobi to New York, passing through the Gulf region, are now either cancelled, delayed, or diverted thousands of miles to bypass closed airspace, wasting fuel and incurring high costs, causing airline stock prices to plummet! Losses are accumulating on an hourly basis, and diverted flights are consuming more fuel. Airlines have to pay high fuel prices to bypass the Gulf region and operate longer routes. Every hour the airspace is closed, the losses of airlines with already meager profits will increase exponentially. And this point has not been mentioned yet. Dubai's economy relies on interconnectivity. The tourism, trade, finance, and logistics industries all rely on the opening of Dubai International Airport, and currently the Dubai economy is suffering a heavy blow, especially market confidence, which will take longer to repair! The war in the United States can be described as killing three birds with one stone. Firstly, the Iranian nuclear threat has been eliminated, and the Middle East hegemony has returned to the hands of the US ally Israel. Secondly, it has curbed the rapid development of the Middle East. In recent years, the United Arab Emirates has become the best destination for immigration and a net inflow of capital, but it has now been terminated. Thirdly, hitting Europe, Japan, and South Korea, the soaring oil prices have the lowest damage to the United States, because the United States is a global net exporter of oil, and an oil price of 200 may be what American conglomerates are willing to see. However, looking at the exchange rates in Europe and Japan recently, funds have been selling off and returning to the US dollar. This calculation is really clever!