European Union — European Central Bank & United Arab Emirates

European Union — European Central Bank: The European Union — European Central Bank raised interest rates in response to inflation fueled by the Iran war, becoming the first major central bank to do so, aiming to dampen consumer price inflation.

United Arab Emirates: The United Arab Emirates has been affected by Iran's strikes and is working to mitigate economic damage, with United Arab Emirates — Dubai pledging support to businesses. Its forces have also used Apache helicopters to shoot down Iranian drones.

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

United Arab Emirates: The United Arab Emirates is a major Gulf producer whose oil exports transit through the Strait of Hormuz. The reopening of the strait is crucial for its energy exports and global market stability.

European Union — European Central Bank: The European Union — European Central Bank provided estimates for future oil prices, which have risen due to the war's impact on replenishment costs.

United Arab Emirates: The United Arab Emirates, like Saudi Arabia, found alternative routes to export oil, contributing to the stabilization of global supply despite the conflict.

European Union — European Central Bank: The European Union — European Central Bank raised interest rates due to war-driven inflation, highlighting the broader economic impact of the conflict.

United Arab Emirates: The United Arab Emirates is listed as one of the regional allies that approved the 'final points' of the US-Iran deal, indicating its support for a peaceful resolution in the Middle East.