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

Saudi Aramco CEO: If the Strait of Hormuz remains closed, global oil markets could lose 100 million barrels of supply per week.

①Amin Nasser, CEO of Saudi Aramco, warned that a supply disruption in the Strait of Hormuz could lead to a loss of approximately 100 million barrels of crude oil per week in the global oil market; ②Nasser pointed out that if the reopening of the Strait of Hormuz is delayed by several weeks, the oil market may not fully return to normal until 2027. Meanwhile, Saudi Aramco is exploring options to expand the export capacity of Yanbu Port in the Red Sea to more than 5 million barrels per day.

cls.cn03:01

Express News | U.S. Officials: Trump Convenes Senior Leaders to Assess Renewed Military Action Against Iran

Breakings00:44

The war between the United States and Israel impacts global food production.

Gelonghui, May 11 - The blockade of the Strait of Hormuz by the US and Iran—a critical channel for fertilizer, fuel, and shipping—has caused diesel and fertilizer prices to surge across Asia. Farmers in major grain-exporting countries like Thailand are reducing planting areas, cutting fertilizer usage, or even abandoning farming altogether as costs exceed potential profits. Thailand’s rice industry has been particularly hard-hit. Some farmers have left their fields fallow, while others have planted only a fraction of their usual area. A shortage of urea and record-high fuel prices have made agricultural production economically unsustainable. As one of the world’s largest rice exporters, Thailand is experiencing a decline in output.

Gelonghui FinanceMay 11 23:34

Trump rejects Iran's ceasefire conditions, escalating sovereignty disputes over the Strait of Hormuz and causing continued volatility in global energy markets.

U.S. President Trump rejected the latest ceasefire terms proposed by Iran, calling them "completely unacceptable," while Iranian officials emphasized they would "never back down," deepening the deadlock of the ten-week-long war in the Middle East.

Zhitong FinanceMay 11 22:31