UAE has carried out military strikes on Iran, according to WSJ citing sources; UAE strikes have included attack on a refinery on Iran's Lavan Island back in early April
- The strikes, which the UAE hasn’t publicly acknowledged, have included an attack on a refinery on Iran’s Lavan Island which took place in early April around the time Trump was announcing a cease-fire.
- US wasn’t upset by the attack, as the cease-fire hadn’t yet settled into place, and it has quietly welcomed the participation of the UAE and any other Gulf states that want to join in the fight.
Context
The reported military strikes by the UAE on Iran, particularly targeting the Lavan refinery, signal a significant escalation in tensions between these nations, likely impacting regional stability. With U.S. backing, this could embolden further Gulf state actions, affecting oil supplies and prices, especially in the WTI market. Traders should monitor commodity movements closely as geopolitical developments like this can lead to volatility in energy prices.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#GEOPOLITICAL#IMPORTANT#ENERGY#US SESSION#WTI#COMMODITIES