United Arab Emirates & Roger Bootle

United Arab Emirates: The United Arab Emirates, another Gulf ally, also requested the U.S. to postpone military action and has proactively struck Iran at least once, asserting its right to self-defense against regional threats.

Roger Bootle: Analysts at Roger Bootle warned about the rapid draining of global oil inventories due to the Strait of Hormuz closure and predicted high oil prices and inflation.

United Arab Emirates: The United Arab Emirates has been targeted by drone attacks, including on its Barakah nuclear power plant, and has condemned these actions as dangerous escalations. It is also a potential signatory to the Abraham Accords.

Roger Bootle: Roger Bootle, through its chief commodities economist David Oxley, provided an analysis suggesting oil prices will only trend lower when market fundamentals improve, likely stretching into 2027.

United Arab Emirates: The UAE is a major oil exporter that has rerouted shipments via Fujairah to avoid the strait. It faces regional tensions and has suspended financial transactions with Iran.

Roger Bootle: Roger Bootle provides economic analysis, but is not directly affected.

United Arab Emirates: United Arab Emirates>>> is among the Gulf allies urging restraint in the conflict, concerned about the economic impact of a prolonged or escalating conflict.

Roger Bootle: Analysts at Roger Bootle warned about the rapid draining of global oil inventories due to the Strait of Hormuz closure and predicted high oil prices and inflation.