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Global Business News

The Economic Times

Global Business / The Economic Times

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Iran denies UAE strike role, blames US 'military adventurism'

Tensions flare in the Middle East as Iran denies responsibility for a drone strike on UAE oil facilities. Iran blames US military actions for the incident. Iran's navy fired warning shots at US warships in the Strait of Hormuz. US forces claim to have destroyed Iranian military boats. The situation marks a dangerous escalation amid a Middle East war ceasefire.

5 May 2026 8:29 am