UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington;
• Zero HedgeKpler Says US Navy Gaining Ground In Hormuz
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Kpler Says US Navy Gaining Ground In Hormuz
Picture this: a private jet loaded with literal tons of gold, taking off under the radar, flying straight into the heart of Iran.
The shuttered Strait of Hormuz is expected to reopen within days, though conflicting reports suggest the US-Iran memorandum of understanding could be formally signed as early as today, Thursday, or Friday.
The head of the UAE's state oil company said on May 20 that a major new oil pipeline designed to bypass the Strait of Hormuz is nearly 50 percent complete, as regional tensions and competing maritime controls reshape global energy routes.
In this week's Live from the Vault, Andrew Maguire explains how the UAE's exit from OPEC is accelerating the shift away from oil-backed dollar demand, and why he believes gold is the only asset capable of filling that role as the petrodollar weaken
Abu Dhabi authorities report that a kamikaze drone struck an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in Al Dhafra.
The United Arab Emirates is seeking to build an oil pipeline by 2027 which will enable them to bypass the Strait of Hormuz chokepoint and double their export capacity.
Crypto dot com just received the first-ever Stored Value Facilities license from the UAE Central Bank, making it the first crypto platform approved to process government payments in the country.
According to The Wall Street Journal, the attacks included the bombing of Iran's Lavan Island after the ceasefire was announced
The Little Red Hen
World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines
Iran launched a series of drone and missile attacks on the United Arab Emirates on Monday, its first direct targeting of the country since early April and raising fresh concerns over the stability of a fragile ceasefire with the United States and Isr
UAE Threatens Military Response
CAUGHT THE OIL mavens on the back foot today. Shock exit. New OPEC 2.0 forming, tilting firmly toward non OPEC nations (Canada, USA et al). UAE desperately needs $ swap lines so extended an olive branch to the Fed.
UAE did not leave OPEC to start a currency revolution, but the cartel's loss looks to be Asia's petrodollar-weakening gain
Now, some of those same regions are seeing levels of rain and snowfall not recorded in over 60 years.
Scott interviews Matt Wolfson about an article he recently wrote about the United Arab Emirates. Wolfson argues that the US and Israel have helped build up the UAE into a regional power with an increasingly interventionist foreign policy of its own.
The FTC was founded on the premise that collusion can be sustained indefinitely, and only regulation can destabilize it.
Abu Dhabi's break with the oil cartel is less about barrels than power – testing Riyadh, helping Trump, and redrawing Gulf alliances
The End Of The Petrodollar And The Rise Of IMEC
The UAE decides that its best interests are leaving the group. Let's discuss the implications.
The United Arab Emirates has announced it will withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance effective May 1, marking a significant shift in global oil geopolitics and potentially weakening the cart
Finally a practical use of AI.
One month ago, at the start of the war, we said it was surprising that UAE's oil export terminal of Fujairah was not a bigger terminal as it bypasses the Straits completely, and predicted a "major infrastructure push here after the war."
WSJ: UAE preparing to formally enter the war, the first Gulf state to become a combatant lobbying for a UN Security Council resolution authorising force to open the Strait of Hormuz.
Earlier this month, Elbridge Colby, a senior official in the US Department of War, held a call with Saudi Arabian Defense Minister Khalid bin Salman, who is also the brother and top adviser to Crown Prince Mohammed bin Salman. Iran's attacks on US
This is a stunning revelation into the mind of Donald Trump. Just before the inauguration, Trump's crypto company, World Liberty Financial, struck a secret deal with the head of security in the UAE for a 49% stake for $500 million.
France has now decided to send its Charles de Gaulle aircraft carrier strike group to the Eastern Mediterranean to defend the region against the Iranian threat
Two facilities in the UAE directly hit. One in Bahrain damaged. Banks offline. Payments down. AWS telling customers to migrate workloads out of the region entirely.