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26.06.26 - 15:57
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UAE Retracts Warning About "Potential Missle Threat" (ZeroHedge)
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UAE Retracts Warning About "Potential Missle Threat"
Update: it appears the earlier warning by the UAE was a false alarm:
UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
UAE ASKS PEOPLE TO IGNORE PREVIOUS WARNING
* * *
Earlier
Is the ceasefire over (again)?
Moments ago stocks hit session lows and oil jumped from post-war lows after the UAE issued a phone alert warning of potential missile strikes.
Iran's Tasnim promptly followed up, saying that according to news sources, there were explosions heard in Dubai.
And while the initial report sent futures to session lows...
... , and oil bounced...
... a subsequent report from UAE indicated that the situation is "currently safe" after a potential threat alert.
*UAE SAYS SITUATION CURRENTLY SAFE AFTER POTENTIAL THREAT ALERT
While it is unclear what may have prompted the escalation, especially since the UAE and Iran are now aggressively backchanneling, moments earlier the Iranian foreign ministry spokesman sai...
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24.06.26 - 16:06
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Oil math: OPEC′s global crude share could slip from 35% to 31% without UAE (Times of India)
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The United Arab Emirates' exit from OPEC has significantly impacted the group's global crude oil output, reducing its share from 35% to 31%. This move, effective May 1, 2026, highlights the UAE's substantial role in the bloc. Meanwhile, regional disruptions due to the Strait of Hormuz closure are escalating, with Iraq, Saudi Arabia, and Kuwait facing major production shut-ins....
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24.06.26 - 00:38
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UAE Oil Exports Surge to 85% of Pre-War Levels, IEA Says (Bloomberg)
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Oil exports from the United Arab Emirates in early June recovered to nearly 85% of the country's pre-Iran war levels — rebounding even before Washington and Tehran inked an interim peace deal as the Gulf nation drew on pipelines, storage and alternate shipping routes, according to a report from the International Energy Agency....
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