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

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

U.S.-Iran Talks Deadlocked: Tehran Accuses Washington of 'Unreasonable Demands'; Fundamental Differences Remain Unresolved

Iran described its proposal as 'generous and reasonable' while accusing the United States of insisting on 'unreasonable demands' influenced by Israel; Washington, in turn, rejected a ceasefire proposal that did not include nuclear commitments. Meanwhile, regional tensions have escalated sharply, with Iranian drone attacks targeting multiple countries, causing disruptions to shipping in the Strait of Hormuz and a spike in oil prices. The gap between the two sides' positions remains unbridgeable, and the risk of a full-scale conflict in the region continues to rise.

wallstreetcnMay 11 22:17