Amid no retaliatory response from the US and increased calls for de-escalation following Iran’s attacks on US airbases in Iraq, the UAE Energy Minister Al Mazroui said that he hopes for de-escalation.
He further added that the oil market is well supplied.
Further Comments:
OPEC+ will respond if necessary to US-Iran tensions.
World economy cannot sustain oil at $100 per barrel.
Middle East leaders are working for calm.
Earlier today, reports hit the wires that Iran threatens to strike Hafia in Israel and Dubai in UAE. Although there was no confirmation and instead the Iranian Foreign Minister Zarif said that Iran does not seek escalation or war.
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