The UAE involved in the conflict? Reports claim it secretly attacked Iran, hitting an oil refinery on an island in the Persian Gulf in April.

According to reports, the UAE has long attempted to maintain a relatively balanced position between Iran and the West. However, as Iran's ongoing missile and drone attacks on the UAE territory continue to impact key industries such as aviation, tourism, and real estate, the UAE government’s stance has shifted, increasingly favoring the use of its advanced military capabilities to directly counter the Iranian threat. Following the report, crude oil prices extended their gains, with West Texas Intermediate (WTI) climbing towards $99 per barrel.

wallstreetcn05:27

Express News | According to the Wall Street Journal, sources reported that the UAE had previously carried out a military strike against Iran. The UAE’s attack included an assault on an oil refinery located on Iran's Lavan Island. The UAE has not publicly acknowledged it

Breakings04:12

Rupee in Crisis: India Quietly Plans Foreign Exchange Defense, Gold Purchase Restrictions May Be the First Step

Impacted by the war in Iran, India is facing significant foreign exchange pressure, with the rupee depreciating 5.6% against the US dollar year-to-date and foreign exchange reserves dropping to USD 690.7 billion. Prime Minister Modi has called on the public to stop purchasing gold, limit outbound tourism, use public transportation, and work from home. The government is studying several emergency measures, including restricting non-essential imports, raising fuel prices, and tightening regulations on foreign exchange withdrawals, to protect foreign exchange reserves and alleviate pressures on the current account deficit.

wallstreetcn00:50

Express News | Mitsubishi UFJ: Stalemate in US-Iran Talks Sparks Inflation Concerns, Gold Prices Drop

BreakingsMay 11 15:18

Iran responded to the 'proposal to lift oil sanctions within 30 days,' with Trump calling it 'completely unacceptable,' while Netanyahu stated that 'the US-Israel military actions against Iran are not yet over.'

The nuclear negotiations between Iran and the US have deteriorated sharply, with Iran demanding that oil sanctions be lifted within 30 days and control over the Strait of Hormuz be established. Trump strongly condemned the move as "completely unacceptable," accusing Iran of repeatedly delaying and "playing games" with the United States for decades. Israeli Prime Minister Netanyahu simultaneously stated that military actions against Iran are "not yet over."

wallstreetcnMay 11 08:35

The Return of History: Deutsche Bank on Gold, the US Dollar, and the Future of Currency

Deutsche Bank believes that the unipolar structure, free trade, and low inflation conditions that have driven the dominance of the US dollar as a reserve currency have reversed. The share of the US dollar in global central bank reserves has fallen from over 60% to 40%, while the share of gold has nearly doubled to 30% in the past four years. If emerging markets increase their target allocation for gold to 40%, gold prices could rise to $8,000 within five years. Gold may signal the emergence of a new monetary order independent of the dollar system.

wallstreetcnMay 10 14:25