US Israel Iran War: In a major shift, the United Arab Emirates (UAE) and Saudi Arabia have decided to join the US-Israel alliance against the Islamic Republic of Iran.
US Israel Iran War-UAE To Freeze Several Billion Dollars Of Iranian Assets
In a significant development, the UAE is likely to freeze several billion dollars of Iranian assets that are held in its banking system. This move could dramatically tighten financial pressure on Iran at a time when Tehran’s economy is already stuttering with unprecedented inflation and the fallout of Middle East conflict.
US Israel Iran War: Benjamin Netanyahu Wouldn’t Step Back
Israeli Prime Minister Benjamin Netanyahu has remarked that Israel would not stop despite a 5-day ceasefire announced by the United States President Donald Trump.
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Egypt And India To Step In
Egypt, an ally of both Iran and the United States, has decided to stand out as an important back-channel mediator. It established contact with IRGC of Iran, proposing a 5-day ceasefire promoting Trump to drop his threat to strike the power plants of Iran.
India is likely to play a crucial role in dialogue channels between the Iran and USA. Meanwhile, countries like Türkiye and Oman are also likely to play mainstream roles to mediate the ongoing Middle East crisis.
In another development, Israeli Prime Minister Benjamin Netanyahu and USA Vice-President JD Vance had a discussion regarding the potential peace deal. The discussions are focused on de-escalating the Middle East conflict and explore a series of negotiation and resolution steps between all the involved parties.
After Iran refuted ceasefire talks with USA, Brent Crude oil prices rose back to reach $103.94 a barrel after falling more than 10 percent on Monday. This was after Trump remarked “productive” conversations with Tehran happened and a 5-day ceasefire has been reached. However, Tehran rejected Trump’s claims and termed them a deliberate and malicious attempt to manipulate global markets.
