The UAE’s foreign trade minister confirmed on Monday that his country was discussing a currency swap line with the United States, but denied seeking a bailout.
Iranian Revolutionary Guards spokesperson Brigadier General Hossein Mohebbi said the management of the Strait of Hormuz was intact under the IRGC Navy and IRGC protocols in the strait have not changed.
Iranian Foreign Ministry spokesman Esmaeil Baghaei denied what he called “media claims” regarding the Iranian plan, emphasizing that his country’s most recent plan focuses exclusively on ending the war.
The Organization of Arab Petroleum Exporting Countries (OAPEC) announced the United Arab Emirates’ withdrawal from the body, just days after its exit from OPEC and the OPEC+.
The Pakistani Foreign Ministry said that the crew members of the MV Touska would be handed over to Iranian authorities on Monday.
President Donald Trump said Sunday that “very positive discussions” were underway with Iran on finding a solution to the war, but nevertheless added US forces will soon start escorting ships out of the blocked Strait of Hormuz.
German Foreign Minister Johann Wadephul said he on Sunday demanded that Iran reopen the Strait of Hormuz and give up its nuclear weapons program in a telephone call with Iranian counterpart Abbas Araghchi.
The Abu Dhabi National Oil Company (ADNOC) on Sunday pledged to spend $55 billion on new projects over the next two years, according to the UAE’s official Emirates News Agency, WAM.
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
Iran’s Revolutionary Guards said on Sunday that the United States faced a choice between an “impossible” military operation or a “bad deal” with the Islamic republic.
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