United Arab Emirates & Scott Bessent
29 shared events · Importance 14 · Last updated May 12, 2026
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International
United Arab Emirates: Four United Arab Emirates-based companies were sanctioned for facilitating Iranian oil shipments, affecting the country's business environment.
Scott Bessent: Scott Bessent, the Treasury Secretary, stated the administration's commitment to using sanctions to deprive the Iranian government of funding.
May 12, 2026 · 7 articles
International
United Arab Emirates: The United Arab Emirates has come under attack from Iran with missiles and drones, resulting in fires at oil facilities and damage to cargo vessels. It has condemned these attacks and called for an immediate halt.
Scott Bessent: Scott Bessent, the United States Treasury Secretary, commented on the limited revenue Iran has gained from tolls and the impending need for Iran to shut in oil wells due to storage filling up.
May 03, 2026 · 109 articles
International
United Arab Emirates: The United Arab Emirates announced its exit from OPEC after nearly 60 years, which could allow it to raise oil production once exports restart. This move complicates OPEC's efforts to balance the market.
Scott Bessent: Scott Bessent, US Treasury Secretary, launched an initiative calling for coordinated action to ensure adequate access to fertilizers amid supply disruptions from Gulf countries.
Apr 02, 2026 · 45 articles
International
United Arab Emirates: The United Arab Emirates, as a Gulf Arab country, experienced significant crude production losses and a sharp decline in jet fuel exports.
Scott Bessent: Scott Bessent, the US Treasury Secretary, believes the Iran war's impact is short-term volatility for long-term gain, preventing Tehran from developing nuclear weapons.
Apr 08, 2026 · 307 articles
International
United Arab Emirates: The United Arab Emirates has been affected by Iranian attacks, including a fire at its Fujairah oil port, and has expressed its right to respond to these escalations.
Scott Bessent: Scott Bessent, the U.S. Treasury Secretary, provided insights into the financial impact of the U.S. naval blockade on Iran's oil revenues.
May 03, 2026 · 81 articles
International
United Arab Emirates: The United Arab Emirates reported missile and drone attacks from Iran, with one causing a fire at an oil refinery, which Iran denies.
Scott Bessent: Scott Bessent, the US Treasury Secretary, urged China to intensify diplomatic efforts to persuade Iran to open the Strait of Hormuz and to stop blocking initiatives at the United Nations.
May 05, 2026 · 38 articles
International
United Arab Emirates: The United Arab Emirates is affected by the security situation in the Strait of Hormuz, particularly concerning its port of Fujairah, which is crucial for oil exports. A ship anchored off Fujairah was boarded and steered towards Iran, underscoring regional instability.
Scott Bessent: Scott Bessent, the U.S. Treasury Secretary, expressed his belief that China would help open the Strait of Hormuz, emphasizing the economic interests involved.
May 14, 2026 · 10 articles
International
United Arab Emirates: The United Arab Emirates' financial institutions received letters from the United States — United States Department of the Treasury threatening secondary sanctions for facilitating Iranian illicit activities.
Scott Bessent: Scott Bessent, the Treasury Secretary, announced the sanctions and reiterated the United States' commitment to constricting Iran's oil network. He also warned financial institutions in several countries about secondary sanctions.
Apr 24, 2026 · 52 articles
International
United Arab Emirates: The United Arab Emirates is affected by shipping incidents off its coast and is accelerating the construction of a new pipeline to its United Arab Emirates — Fujairah port to bypass the Strait of Hormuz.
Scott Bessent: Scott Bessent, US Treasury Secretary, expressed belief that China would help open the Strait of Hormuz, indicating US diplomatic efforts.
May 15, 2026 · 33 articles
International
United Arab Emirates: The United Arab Emirates, a key U.S. ally, reported defending against Iranian missile and drone attacks, indicating continued regional instability despite a ceasefire.
Scott Bessent: Scott Bessent, the U.S. Treasury Secretary, expressed the administration's desire for China to pressure Iran to open the Strait of Hormuz.
May 05, 2026 · 18 articles
International
United Arab Emirates: A tanker was reportedly hit by unknown projectiles near Fujairah in the United Arab Emirates, indicating the broader regional impact of the tensions.
Scott Bessent: Scott Bessent, the Treasury Secretary, stated that the United States naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
May 03, 2026 · 29 articles
International
United Arab Emirates: The United Arab Emirates accused Iran of attacking one of its crude oil tankers, further escalating tensions in the region.
Scott Bessent: Scott Bessent, the US Treasury Secretary, asserted the United States' control over the Strait of Hormuz, aiming to reassure markets despite ongoing disruptions.
May 04, 2026 · 7 articles
International
United Arab Emirates: Pakistan used part of its new loans to repay a USD 3.5 billion loan taken from the United Arab Emirates.
Scott Bessent: Scott Bessent, US Treasury Secretary, has warned of new economic sanctions on countries doing business with Iran, aiming to inflict more economic pain on Tehran.
Apr 08, 2026 · 702 articles
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