United Arab Emirates
Washington has introduced restrictions against 12 entities from Hong Kong, the UAE, and Oman. The sanctions target a shadow fleet that transported oil for Iran's needs.
Zelenskyy discussed protection against Iranian attacks and energy with the President of the UAE. The Emirates continue to assist Ukraine with the return of prisoners of war.
The price of gold fell to $4,689 after Trump rejected Iran's peace plan. Investors are awaiting U.S. inflation data amid attacks in the Gulf.
A commercial vessel was attacked in Qatari waters, causing a fire on board. There were no casualties; the ship has arrived at port, and an official investigation is underway.
Four UAE tankers turned off their trackers to pass through the Strait of Hormuz. The country is attempting to maintain oil exports despite the threat of Iranian attacks.
The container ship San Antonio, owned by CMA CGM, was attacked in the Strait of Hormuz; there are reports of injuries. This occurred against the backdrop of Donald Trump's statements regarding maritime security.
The Russian Federation will purchase 110 billion rubles worth of foreign currency and gold for the first time since 2025 due to rising oil prices. This will help replenish the fund's reserves, which have been depleted by the war.
The UAE plans to withdraw from OPEC and increase oil production. This will crash global prices and make Russian exports unprofitable due to high production costs.
Trump may order the resumption of war due to a diplomatic stalemate with Iran. The Pentagon confirmed the readiness of troops for action amid attacks in the Strait of Hormuz.
Trump has suspended the escorting of vessels in the Strait of Hormuz to finalize a deal with Iran. The blockade of ports and economic pressure on Tehran remain in effect.
Saudi Aramco has cut the price of Arab Light crude for Asia by $4 per barrel. The cost remains at record levels due to the war and restrictions in the Strait of Hormuz.
Iran denied involvement in the shelling of the UAE and warned of a harsh response. The military urged the Emirates not to host US and Israeli forces.
Zelenskyy discussed diplomacy in the Middle East and condemned Iran's strikes on the UAE. Ukraine is preparing new security solutions for Bahrain and the Gulf countries.
The UAE Ministry of Interior reported that air defense systems are "currently operating in response to a missile threat" from Iran. The scale of the attack remains unknown at this time.
Iran attacked an oil facility in the UAE with drones, causing a large fire and injuring three people. This is the largest escalation since the truce between the US and Iran.
The price of gold dropped to $4,520 due to the US-Iran conflict in the Persian Gulf. Rising bond yields and oil prices are putting pressure on quotes.
Brent rose to 114 dollars following Iranian attacks on vessels and a UAE oil port. The U.S. military destroyed six Iranian boats in the Gulf.
Three Indian citizens were wounded due to an Iranian drone attack on the Fujairah oil zone. Earlier, the UAE intercepted three Iranian missiles over its territory.
These are the first missile interceptions since the UAE declared its airspace free of threats on April 9, coinciding with the start of a truce between the US and Iran.
Seven OPEC+ countries will increase production by 188,000 barrels per day in June. This decision is a formality due to the blocking of exports in the Strait of Hormuz.
The U. S. is withdrawing 5,000 troops from Germany due to a conflict between Trump and Merz. NATO is examining the details of the decision and calling on Europe to strengthen its own security.
The US State Department has approved the sale of $8. 6 billion worth of weapons to the Middle East, bypassing Congress. The decision was justified by an emergency situation due to the conflict with Iran.
Israel has provided the UAE with Spectro systems and the Iron Beam laser for protection against Iranian attacks. This marks the first instance of large-scale defense cooperation between the two countries.
Brent price rose to $126 due to a potential resuming of the conflict between the US and Iran. Trump is reviewing military plans and maintaining the blockade of the Strait of Hormuz.
Donald Trump stated that the UAE's withdrawal from OPEC would lower fuel costs. However, the market responded with Brent oil prices rising to 2022 record highs.
The price of a Brent barrel has risen to $120 for the first time since 2022 amid the naval blockade of Iran. The UAE announced its withdrawal from OPEC due to the escalation of the conflict.
The UAE is leaving OPEC due to the war with Iran and disagreements with allies. This decision will weaken the cartel and help the US lower global oil prices.
Paramount is raising $24 billion from Arab funds to acquire Warner Bros. Discovery. The foreign stake in the company could reach 49.5%.
The US condemned Iran's election as vice president of the UN nuclear conference. Tehran called the allegations groundless and accused Washington of exerting pressure.
Ukraine and Latvia have signed an agreement on mutual recognition of driver's licenses without exams. This is the sixth such agreement, important for Ukrainians abroad due to the war.