UAE says its energy exports will not be 'held hostage' by Iran war

Live updates

1. 2d ago

   OPEC Lowers Demand Forecast as Middle East War Disrupts Oil

   OPEC lowered its 2026 global oil demand growth forecast to 380,000 barrels per day in its monthly report, marking the fifth consecutive downward revision. OPEC oil output dropped in August because Saudi exports faced new disruptions from the war in Iran and a United States blockade cut Iranian shipments. Meanwhile, escalating attacks on Gulf shipping and Houthi threats in the Red Sea will delay a recovery in Middle East oil flows into next year. U.S. consumer prices climbed higher in August as gas prices jumped, reinforcing expectations that the Federal Reserve will raise interest rates.

   Why it matters

   The ongoing regional conflict has severely disrupted critical energy shipping lanes in the Middle East, directly impacting global supply and pricing. Energy market instability continues to drive inflation upward in major economies like the United States, complicating monetary policy decisions. Structural recovery for major oil producers facing blockades or infrastructure decline remains a distant prospect due to massive capital requirements and damaged diplomatic trust.

   What is confirmed

   • OPEC lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day in its monthly report, marking the fifth straight downward revision.
   • OPEC oil output fell in August as Saudi exports faced new disruption due to the war in Iran and a U.S. blockade cut Iran.
   • U.S. consumer prices continued to climb higher in August as gas prices jumped.

   Still unconfirmed

   • Reviving Venezuela's oil industry to rescue the market would take years, up to $150 billion in investment, and a major rebuilding of trust after decades of infrastructure decline.

   What to watch next

   • The upcoming Federal Reserve policy meeting regarding potential interest rate hikes
   • Developments in Middle East oil flows and Houthi threats in the Red Sea
   • Future OPEC monthly reports and oil production adjustments
   Sources used for this update (8)

   1. www.saltwire.com — Chronicle Herald | News, Headlines and Stories | PNI Atlantic News
   2. www.marketscreener.com — OPEC oil output falls in August, Reuters survey shows
   3. www.astroawani.com — [KOLUMNIS] Perang Iran dan politik pilihan raya Israel: Antara kemenangan ketenteraan dan realiti pengundi
   4. www.marketscreener.com — OPEC further lowers 2026 global oil demand growth forecast
   5. www.marketscreener.com — U.S.-Iran Escalation to Delay Oil Flow Recovery Into Next Year, IEA Says
   6. www.marketscreener.com — US inflation accelerates in August as gas prices jump
   7. www.marketscreener.com — Attacks by Houthis, Iranians spell more trouble for oil prices
   8. www.marketscreener.com — Can Venezuela Rescue the Oil Market?
   confidence 90%
2. 7d ago

   UAE says energy exports will not be held hostage by Iran war

   The United Arab Emirates stated that its energy exports will not be held hostage by the ongoing war involving Iran, as the nation expands east coast ports to bypass blockades in the Strait of Hormuz. UAE Presidential Adviser Anwar Gargash emphasized that the Strait of Hormuz must be treated as an international waterway, warning of the broader repercussions of the Iranian crisis. Gargash also stated that Iran launched 3,300 missiles and drones at the UAE, with most targeting civilian sites. Rebuilding diplomatic trust with Tehran remains a significant challenge described as a mountain to climb.

   Why it matters

   The escalating regional conflict has forced the United Arab Emirates to secure alternative energy and trade routes while navigating an Iranian blacklist that tests its fast-growing shuttle trade. Officials are calling for a unified Gulf response and strategic independence in the face of persistent security threats. These developments highlight the severe economic and geopolitical pressures facing Gulf states as maritime transit corridors are disrupted.

   What is confirmed

   • UAE Presidential Adviser Anwar Gargash stated that the Strait of Hormuz must be treated as an international waterway.
   • Gargash reported that Iran launched 3,300 missiles and drones at the UAE, with most targeting civilian sites.
   • Gargash stated that rebuilding trust with Iran will be a mountain to climb.

   Still unconfirmed

   • Houthis are planning to announce a major operation deep inside Saudi Arabia.

   What to watch next

   • Further updates on the expansion and operational capacity of UAE east coast ports
   • Developments regarding the sustainability of the UAE shuttle trade amid the Iranian blacklist
   • Any official Gulf response or unified policy announcements concerning regional security
   Sources used for this update (14)

   1. Reuters — UAE says its energy exports will not be 'held hostage' by Iran war
   2. EnterpriseAM — Iran’s blacklist is the latest test of how sustainable the UAE’s fast-growing shuttle trade really is
   3. Forex Factory — UAE Presidential Adviser Gargash: Strait Of Hormuz Must Be Treated As An International Waterway
   4. Khaleej Times — Iran launched 3,300 missiles, drones at UAE; most targeted civilian sites: Gargash
   5. Gulf News — US-Iran war: What UAE residents need to know today, Sept. 7
   6. سانا — UAE moves to secure alternative energy, trade routes amid Iran conflict
   7. thenationalnews.com — Rebuilding trust with Iran will be ‘mountain to climb', says Gargash
   8. صوت الإمارات — Gargash warns of the repercussions of the Iranian crisis and calls for a unified Gulf response and strategic independence
   9. Gulf News — What UAE residents need to know about the US-Iran conflict this evening, September 7
   10. Minute Mirror — Middle East War takes a dangerous new turn — What happened next
   11. Aaj English TV — Middle East Crisis | Strait of Hormuz | Anwar Gargash | Regional Geopolitics | Aaj News
   12. The Times of India — Iran War | US Iran War news: Houthis to announce major operation deep inside Saudi Arabia
   confidence 95%