UAE Develops Alternative Energy Export Routes to Address US-Iran Conflict
Anwar Gargash, an advisor to the President of the UAE, stated that the UAE is actively developing alternative routes for energy exports and trade to ensure that its core economic interests are not affected by the conflict between the United States and Iran. He emphasized that energy exports will not be used as hostages, and trade and economic activities will not be subject to external pressures. Gargash pointed out that freedom of navigation is a non-negotiable principle, and any long-term solution must establish a reliable security assurance mechanism to prevent Iran from attacking Gulf countries again. In the context of the blockade of the Strait of Hormuz and attacks on tankers, the UAE and Qatar have called for Gulf countries to enhance their security capabilities. A spokesperson for the Qatari Ministry of Foreign Affairs stated that while the strategic partnership with the United States is important, Gulf countries need to achieve greater self-sufficiency in the security field. Gargash believes that relations between the UAE and Iran are likely to be restored, but rebuilding political trust may take decades, and Gulf countries cannot assume that external allies will always prioritize their security.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Circle Mints $112 Billion USDC on Solana, Up 99.1%

Strategy Proposes Daily Dividends for STRC

DriveWealth Partners with Ripple for Cross-Border Stock Trading Funding

Moody’s identifies crypto crash as key economic risk in 12-18 months

Ripple Prime Launches 24/7 RWA Perpetual Swaps for Institutions

Four French Financial Institutions Propose Allowing Stablecoin Rewards, Oppose Expanding Ban to Staking and Lending

Redotpay Pursues U.S. Listing and Investment

OCC Encourages Community Banks to Apply for Payment Stablecoin Issuer

Kraken Pushes for Introduction of Hyperliquid Perpetual Futures in the U.S.

Solana Web3.js v3.1 Released with Improved Developer Tools

Solana Proposes Geographic Leader Scheduling to Reduce Latency

Kalshi Expands Event Contracts Based on Financial Indices with S&P Dow Jones

Bitonic reports hack, bitcoin stolen from three customers

SEC Requires 30 Days’ Notice for Tokenised US Stock Venues

Bitcoin Threatened by a Fragile American Economy and Persistent Inflation

Cathedral, founded by former DOGE members, breaches Anthropic's systems within 12 hours

Why Prediction Markets Got the Brazilian Election So Wrong

SEC Includes Tokenisation and AI in 2027 Examination Priorities

Crypto Scam from a Wrong Number: $140,000 Vanished in Canada

Key Week for Central Banks: The Fed, ECB, and BoJ Decide on Their Rates

Crypto: Over 10,000 Claims Against Restrictions by British Banks

EIP-8025 Execution Proof Implements Real-Time Block Proof on Sepolia Testnet

Anthony Pompliano: The State Will Never Stop Printing Money! Bitcoin, Gold, and Land Will Benefit for 20 Years

a16z Supports the Listing of Computing Power Derivatives in the U.S., Claims Existing Regulatory Framework is Sufficient

Leon Wankum Predicts Bitcoin Will Outgrow Real Estate Market

Poolin's Associated Debtor's Texas Mining Asset Sale Approved, Transaction Price Up to $180 Million

PHP Exploit Takes Down Government and Hospital Websites

Anthropic Expects No Dividends in the Future, Warns Revenue Growth May Be Unsustainable

Galaxy Believes Bitcoin Bear Market Ended in June, Recommends Buying and Holding







