US Ambassador to the UN Mike Waltz announced that security cooperation between Israel and some Middle Eastern countries, especially the UAE, has expanded, while an Israeli newspaper quoted Waltz as saying that Israel provided the Iron Dome system to UAE

The expansion of security cooperation between Israel and the UAE signifies a deepening geopolitical alliance, potentially influencing regional stability and the dynamics of energy markets. The mention of Israel's Iron Dome system being provided to the UAE could enhance the latter's defense capabilities, altering risk perceptions in the area and possibly affecting commodity prices, particularly oil. Traders should watch for reactions in regional assets, FX, and commodities as this development unfolds.