US and Israel holding talks on how to respond and assist UAE; sources suggest likely options include strikes against launchers and military targets threatening the strait, or an attack on an Iranian energy facility in response to Fujairah; via Hayom

The ongoing talks between the US and Israel regarding potential military responses indicate a deepening involvement in the region's tensions, particularly concerning the UAE. Should strikes be executed, expect immediate implications for energy assets and safe-haven flows, potentially impacting oil prices and currencies such as the USD and JPY.