United Arab Emirates & State Bank of India

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.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

United Arab Emirates: The United Arab Emirates has 'stepped out' from some OPEC+ agreements, indicating fragmentation within the alliance regarding production quotas.

State Bank of India: The State Bank of India is supporting the India — Indian rupee by opening the debt market to FPIs and may intervene to rebuild reserves, limiting appreciation.