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The Economic Times

Top News / The Economic Times

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UAE says Iran cannot be trusted over Hormuz, peace efforts at an impasse

Tensions remain high over the Strait of Hormuz. A UAE official voiced deep mistrust in Iran's unilateral actions. The vital waterway faces a blockade, impacting global oil supplies and prices. Reports of potential new U.S. military strikes have further unsettled markets. Iran warns of a strong response to any attack. Peace talks are stalled, with no quick results expected.

1 May 2026 3:31 pm