Additional sirens being heard in UAE and there are reports of suspended flights at the airports of Dubai and Sharjah, Israel's Amit Segal reports
The reports of additional sirens in the UAE and suspended flights in Dubai and Sharjah suggest rising tensions in the region, which could lead to increased volatility in oil prices and currency markets.
UAE Ministry of Interior says the situation is safe at present, and citizens and residents can resume their normal activities, Sky News Arabia reports
Lebanese President Aoun says today that this is not the time for him to meet with Israel PM Netanyahu. US Ambassador to Lebanon Michel Issa does not believe there is a problem with such a meeting
Additional sirens being heard in UAE and there are reports of suspended flights at the airports of Dubai and Sharjah, Israel's Amit Segal reports
US sells 3-month bills at a high rate of 3.610%, B/C 2.76x; sells 6-month bills at high rate 3.610%, B/C 2.79x
UKMTO says it has received a report of an incident 14nm west of Nina Saqr, UAE
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Given the UAE's role as a key energy hub, market participants should remain alert to potential disruptions in oil supply and broader geopolitical implications. This situation might push investors towards safe-haven assets and create fluctuations in the USD as risk sentiment shifts.
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