Anwar Gargash & Brent Crude

Anwar Gargash: Anwar Gargash, a UAE presidential adviser, publicly stated that Iran cannot be trusted regarding the Strait of Hormuz, reflecting the deep mistrust among Gulf states.

Brent Crude: Brent Crude futures rose significantly due to concerns over the prolonged closure of the Strait of Hormuz and the ongoing conflict, reaching a four-year high.

Anwar Gargash: Anwar Gargash, diplomatic adviser for the United Arab Emirates president, criticized the weak response of Arab states and the Gulf Cooperation Council to Iranian attacks, which contributed to the United Arab Emirates' reassessment of its alliances.

Brent Crude: Brent Crude prices have been significantly affected by supply disruptions due to the Iran war and the effective closure of the Strait of Hormuz, with the United Arab Emirates' exit from OPEC potentially adding to future price volatility.

Anwar Gargash: Anwar Gargash, UAE presidential adviser, voiced the United Arab Emirates' distrust in Iran and highlighted the need for international law to guarantee freedom of navigation in the Strait of Hormuz.

Brent Crude: Brent Crude futures eased slightly after news of Iran's proposal but remained high due to concerns over the Strait of Hormuz blockade and potential military action.

Anwar Gargash: Anwar Gargash, a UAE presidential adviser, voiced distrust in Iran's arrangements regarding navigation through the Strait of Hormuz, highlighting regional concerns.

Brent Crude: Brent Crude prices have more than doubled since the conflict began, reaching over $126 a barrel, due to the closure of the Strait of Hormuz and disruptions to global oil supplies.

Anwar Gargash: Anwar Gargash, an adviser to the President of United Arab Emirates, stated that United Arab Emirates has lost trust in the Iranian government due to its attacks.