UAE is willing to join US for force Hormuz reopen – WSJ

Sagar Dua FXStreet

A report from the Wall Street Journal (WSJ) released in Asian trading hours on Wednesday showed that the United Arab Emirates (UAE) is willing to join the United States (US) and other allies for a forceful reopening of the Strait of Hormuz, a passage to almost 20% of the global energy supply, according to Arab officials.

The report also showed that Emirati diplomats have urged the US and military powers in Europe and Asia to form a coalition to open the strait by force. A UAE official said the Iranian regime thinks it is fighting for its existence and is willing to bring the global economy down with it in a chokehold on the strait.

The comments from UAE diplomats came after US President Donald Trump announced that US military forces will leave Iran in “two to three weeks”, claiming that the goal of eliminating Iran’s nuclear threats has achieved.

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

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