The United Arab Emirates is considering taking military action to stop Iranian missile and drone strikes on the country, according to Axios citing sources
Newsquawk Staff ·
- "The UAE is considering taking active defensive measures against Iran. Although it has not been involved in the war in any way, it has still endured 800 projectiles," a source said.
- The view in the UAE is that no country in the world would fail to evaluate its defensive posture under such circumstances.
What it means
The potential for the United Arab Emirates to take military action against Iran marks a significant escalation in regional tensions. This move, prompted by sustained drone and missile strikes, could impact oil prices and safe-haven demand for assets like gold and the USD, as markets react to the heightened risk in the Gulf.
Sources
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports
- UKMTO says it has received reports of suspicious activity potentially linked to piracy in the Gulf of Aden
- Qatar has not presented a new proposal to end hostilities between Iran and the US, Reuters reports, citing a senior Iranian official; Tehran's policy of showing no flexibility over the nuclear issue remains unchanged
- Reports of a Yemeni attack targeting Saudi forces in Aden
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