Middle East: UAE Accuses Iran, Tehran Accuses Washington of Lying

Two months into the conflict between Iran and its adversaries, the United Arab Emirates expressed distrust towards Tehran, particularly regarding the management of the Strait of Hormuz, crucial for global hydrocarbon trade. Although a ceasefire has been in effect since April 8, the situation remains precarious, with rising tensions and threats of U.S. military actions. The price of Brent crude recently surpassed $110, reflecting the uncertainty surrounding the conflict.