The intensifying geopolitical conflict between Iran, the United States and Israel is beginning to ripple through global financial markets, prompting international banks to reassess operations in the Gulf. At the center of the latest developments is Standard Chartered, which has moved to clarify reports suggesting that it evacuated staff from its offices in Dubai.
The London-headquartered bank said that reports of a full evacuation of its Dubai offices were inaccurate. Instead, the bank confirmed that it had extended a precautionary work-from-home arrangement already in place, emphasising that its regional operations remain active and business continuity measures are functioning normally.
