Iran MP of National Security Commission says Iran has a business with the UAE and will not let it go

The statement from the Iranian MP indicates a commitment to maintaining economic ties with the UAE, which could stabilize bilateral relations amid regional tensions.

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Member of the National Security Commission of Iran says from now on, the actions of the US for the maritime blockade will be met with Iran's military response, Fars reports

European Closes: Euro Stoxx 50 -1.01% at 5,912, Dax 40 -1.44% at 24,307, FTSE 100 -0.43% at 10,233, CAC 40 -1.09% at 8,113, FTSE MIB +0.00% at 49,290, IBEX 35 -0.95% at 17,889, PSI -0.73% at 9,067, SMI -0.26% at 13,101, AEX -0.19% at 1,018

Iran MP of National Security Commission says Iran has a business with the UAE and will not let it go

The plan for the legal regime of the Strait of Hormuz is being prepared, Tasnim reports

US VP Vance meeting with Qatari PM to discuss negotiations with Iran; Qatar has been running a back channel of mediation between the US and Iran in recent weeks in an attempt to reach an agreement to end the war, via Axios citing a US official

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This may have implications for energy markets, particularly if it suggests continuity in oil flows, potentially impacting WTI pricing and market sentiment overall during both EU and US trading sessions.

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