UAE attempted to get Saudi Arabia and Qatar to coordinate on a military response to Iran's airstrikes, Bloomberg reports citing sources

This report suggests a potential escalation in regional tensions and the likelihood of a coordinated military response among Gulf states, which may impact oil supply concerns. Such developments are significant for energy markets, especially considering the volatility in crude prices that typically follows geopolitical instability. Traders should be aware of how the situation might influence WTI and broader commodities, potentially driving prices higher if the situation deteriorates further.