Why risk management could define the Middle East’s energy future
This was meant to be the decade of energy transition. Yet mid-decade, the UAE has scaled ahead with its clean energy ambitions while navigating how to keep energy supplies reliable amidst growing demand. In Dubai, the Mohammed bin Rashid Al Maktoum Solar Park has reached a production capacity of 3,860 MW, with plans to exceed 8,000 MW by 2030. Through its Energy Strategy 2050 , the country is…
U.S. military conducted defensive strikes on Iran's Qeshm Island near the Strait of Hormuz, amid escalating tensions, according to the Wall Street Journal. President Masoud Pezeshkian of Iran emphasized that his administration would seek to resolve problems via dialogue, rejecting surrender to adversaries. Supreme Leader Mojtaba Khamenei had granted authorities to pursue diplomatic solutions.
The U.S. denied claims that it had downed a U.S. MQM-170 drone near Qeshm Island, while the Revolutionary Guards reported capturing two MQM-170 drones. Global crude oil prices dropped by over 8% due to optimism surrounding potential diplomatic resolution of the US-Iran conflict.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Middle East conflict: US carries out defensive strikes on Iran’s Qeshm Island near Strait of Hormuz as tensions escalate gulfnews.com
- Chinese President Xi Jinping calls for Middle East peace amid growing regional tensions dailytimes.com.pk
- US launches strikes on Iranian targets in key Strait of Hormuz waterway peopledaily.digital
