UAE sees no immediate risk to oil flow through Strait of Hormuz - Reuters:
The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing U.S. forces in Iraq.
Iranian officials have said the missile strikes were a response to Friday’s killing of top Iranian commander Qassem Soleimani in Baghdad.
The situation is not a war, and what is happening now should not be exaggerated, Suhail al-Mazrouei said on the sidelines of a conference in Abu Dhabi, capital of the UAE, an OPEC producer.
“We will not see a war,” he added. “This is definitely an escalation between the United States, which is an ally, and Iran, which is a neighbor, and the last thing we want is more tension in the Middle East.”
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