Summary
- The UAE said it categorically rejects Iranian claims raised during the BRICS meeting and attempts to justify attacks.
- The UAE said it reserves all rights to respond, including a military response, to any threat or hostile act by Iran.
- Markets are watching how deeper tensions between Iran and the UAE and tensions in the Strait of Hormuz could affect international oil prices and global financial markets.
Forecast Trend Report by Period
The United Arab Emirates forcefully rejected Iran’s claims and what it described as efforts to justify attacks, underscoring renewed tensions in the Middle East.
In a statement on May 15, the UAE said it categorically rejects Iranian claims raised during the BRICS meeting, as well as attempts to justify attacks targeting the country.
It added that it reserves all rights to respond — sovereign, legal, diplomatic and military — to any threat or hostile act by Iran.
Recent BRICS talks are reported to have exposed friction between Iran and the UAE over Middle East issues.
Iran has previously claimed that the UAE and some Gulf states were cooperating with the US and Israel to threaten its security.
The UAE has dismissed those allegations as groundless and signaled the possibility of a hard-line response.
Markets are watching whether deeper friction between Iran and the UAE, along with tensions in the Strait of Hormuz, will affect international oil prices and global financial markets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
