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The United Arab Emirates has stated that any agreement addressing US-Iran tensions must ensure unimpeded access through the Strait of Hormuz. A senior UAE official stressed that the vital maritime route should be a global economic priority, not a bargaining chip in geopolitical conflicts.
Former US President Donald Trump has issued a severe threat to Iran, vowing to target the nation's power plants and bridges if the crucial Strait of Hormuz is not reopened for shipping. The warning was delivered via Trump's Truth Social platform.
Oil prices experienced a rise for the third day in a row as fears mounted over potential military action by the United States against Iran, a significant player in oil production. Brent crude futures reached $69.34 per barrel by Thursday morning.
