Tag Archives: United Arab Emirates

Trump to host Israel-United Arab Emirates deal-signing ceremony on Sept 15

By Steve Holland

WASHINGTON (Reuters) – U.S. President Donald Trump will hold a Sept. 15 signing ceremony for a groundbreaking Middle East agreement normalizing relations between Israel and the United Arab Emirates, a senior White House official said on Tuesday.

As part of the deal, announced at the White House on Aug. 13 following what officials said were 18 months of talks, the Gulf state agreed to normal relations with Israel, while Israel agreed to continue with plans to suspend its annexation of the West Bank.

The senior White House official, speaking on condition of anonymity, said Israeli Prime Minister Benjamin Netanyahu and UAE Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan would lead the two delegations to the ceremony.

“I am proud to embark next week to Washington, at the invitation of President Trump, to take part in the this historic ceremony at the White House for the foundation of the peace treaty between Israel and the United (Arab) Emirates,” Netanyahu wrote on Twitter.

Trump and other administration officials have said they expect Saudi Arabia and other countries to follow suit in recognizing Israel.

Trump senior adviser Jared Kushner and other top administration officials accompanied an Israeli delegation last week on the first flight from Israel to the United Arab Emirates to celebrate the agreement.

Iran has dismissed the agreement, which also served to firm up opposition to Tehran, a regional power seen by the UAE, Israel and the United States as the main threat in the Middle East.

The deal falls short of any grand Middle East peace plan to resolve decades of conflict between Israel and the Palestinians despite Trump’s pledge to do so.

The White House hope is that more such deals between Israel and the Gulf states will emerge, prompting the Palestinians to join negotiations.

Trump proposed a peace plan in January that heavily favored the Israelis, but it has not advanced in any significant way.

The Palestinian leadership initially called the accord “betrayal” and a “stab in the back of the Palestinian cause,” but has curbed its criticism, according to a draft resolution ahead of an Arab League meeting in Cairo on Wednesday.

The draft, seen by Reuters, does not include a call to condemn, or act against, the Emirates over the U.S.-brokered deal.

The United Arab Emirates is planning to make its first official visit to Israel on Sept. 22, a source familiar with the provisional itinerary said on Monday.

(Reporting by Steve Holland, additional reporting by Dan Williams in Jerusalem; Editing by Franklin Paul and Howard Goller)

Stop or suspend West Bank annexation? Devil in the detail for Israel-UAE deal

By Nidal al-Mughrabi and Dan Williams

GAZA/ABU DHABI (Reuters) – A difference between English and Arabic versions of a trilateral statement after an historic flight from Israel to the UAE has been seized upon by Palestinians to suggest the Gulf state has overstated Israeli readiness to drop West Bank annexation plans.

The English version of a joint communique by the United Arab Emirates, Israel and the United States in Abu Dhabi on Monday said the accord had “led to the suspension of Israel’s plans to extend its sovereignty”.

But the Arabic version, carried by the UAE state news agency WAM, said “the agreement … has led to Israel’s plans to annex Palestinian lands being stopped”.

The discrepancy was highlighted by Palestinians after President Donald Trump’s son-in-law Jared Kushner flew with U.S. and Israeli delegations on the first Israeli commercial flight to the UAE to cement the normalization accord, the first by a Gulf state.

“Compare yourself the two versions… suspension of extending sovereignty, not stopping annexation of Palestinian lands,” tweeted Saeb Erekat, secretary general of the Palestine Liberation Organisation on Tuesday.

The UAE has portrayed the accord, announced by Trump on Aug. 13, as a means to halt Israeli annexation of occupied West Bank lands, where Palestinian hope to build a future state.

Jamal Al-Musharakh, chief of policy planning and international cooperation at the UAE foreign ministry, said the difference in wording was merely a translation issue.

“If anyone can think of a better synonym than ‘Eeqaf’ (stopping) for ‘suspending’, then please let me know,” he told reporters.

“One of the prerequisites of the commencing of bilateral relations was the halting of the annexation,” said Musharakh. The Emirati government did not respond when asked for further comment.

But Hanan Ashrawi, a senior PLO official, said it was a “forked tongue” attempt to influence public opinion in the Arab world.

“NO CHANGE IN MY PLAN”

“I don’t think it is a problem of translation, I think it is a disingenuous way of trying to manipulate the discourse,” she told Reuters.

“The Arabic translation is a way of misleading Arab public opinion by saying they have succeeded in stopping the annexation, while actually they suspended it.”

In recent election campaigns Israeli Prime Minister Benjamin Netanyahu promised to apply Israeli sovereignty to West Bank areas, including Jewish settlements, but said he needed a green light from Washington.

Speaking in Hebrew and using the biblical terms for the West Bank, Netanyahu told Israelis on Aug. 13 – the day the deal was announced: “There is no change in my plan to apply our sovereignty in Judea and Samaria, in full coordination with the United States. I am committed, it has not changed.”

Keeping annexation hopes alive is widely seen as Netanyahu’s attempt to placate his right-wing voter base. Settler leaders have accused him of repeatedly floating annexation, only to cave in to international pressure.

An Israeli Foreign Ministry spokeswoman on Wednesday said it had nothing to add to the original Aug 13. statement, which said: “As a result of this diplomatic breakthrough …Israel will suspend declaring sovereignty over areas outlined in the President’s Vision for Peace.”

The White House declined to comment on the UAE trip communique, but a U.S. source familiar with the matter said the White House was not responsible for the Arabic translation.

At the briefing to reporters in Washington after the Aug 13 announcement Trump said annexation was “right now off the table,” and U.S. Ambassador to Israel David Friedman added: “The word suspend was chosen carefully by all the parties. ‘Suspend’ by definition, look it up, means a temporary halt. It’s off the table now but it’s not off the table permanently.”

During his UAE trip this week Kushner also used the word “suspend”.

“Israel has agreed to suspend the annexation, to suspend applying Israeli law to those areas for the time being,” he told the WAM agency. “But in the future it is a discussion that I am sure will be had. But not in the near future.”

Kushner hopes another Arab state normalizes Israel ties within ‘months’

DUBAI (Reuters) – White House adviser Jared Kushner hopes another Arab country normalizes ties with Israel within months, he said, after arriving in the United Arab Emirates accompanied by Israeli officials on the first commercial flight between the countries.

No other Arab state has said so far it is considering following the UAE, which agreed to normalize ties with Israel in a U.S.-brokered deal announced on Aug. 13. Several have ruled out normalization under current conditions.

Israel’s neighbors Egypt and Jordan reached peace deals with it decades ago, but other Arab states have long held the position that Israel must agree to give more land to the Palestinians for a state before ties can be normalized.

Israel and the United States have said they are pushing more Arab countries to follow the UAE’s path. Israel’s intelligence minister has mentioned Bahrain and Oman. Kushner will next visit Bahrain, Saudi Arabia and Qatar on his Gulf tour.

Asked by UAE state news agency WAM when the next Arab state could normalize ties, Kushner, son-in-law to President Donald Trump, was quoted as saying: “Let’s hope it’s months.”

The UAE-Israel deal was welcomed by some Gulf countries but has been met by overwhelming Palestinian opposition.

(Writing by Alexander Cornwell and Lisa Barrington; Editing by Peter Graff)

Israel, UAE will cooperate on financial services, investment

JERUSALEM (Reuters) – Israel and the United Arab Emirates agreed on Tuesday to set up a joint committee to cooperate on financial services, aiming to promote investment between the two countries, an Israeli statement said.

An Israeli delegation is in Abu Dhabi on a historic trip to finalize a pact marking open relations between Israel and the Gulf state.

Representatives from both countries signed the understanding, Israeli Prime Minister Benjamin Netanyahu said in the statement.

One focus, Netanyahu said, would be on “cooperation in the field of financial services and removing financial barriers for making investments between the countries, as well as promoting joint investments in the capital markets”.

The countries will also collaborate in banking services and payment regulations, he said.

Separately, the state-run Abu Dhabi Investment Office (ADIO) and Invest in Israel, part of the economy ministry, agreed to set out a plan to establish formal cooperation between then, they said in a joint statement.

“The organizations will explore mutually beneficial areas of collaboration to unlock investment and partnership opportunities for companies in Israel and Abu Dhabi with a strong focus on innovation and technology,” they said.

An initial virtual meeting was held between Ziva Eger, Invest in Israel chief executive, and Monira Hisham al-Kuttab who leads ADIO’s international promotional activity. Further meetings are scheduled throughout September.

“Israel’s ecosystem has a lot to offer to the UAE’s economy in terms of innovation, specifically in the Life Sciences, CleanTech, Agtech and Energy sectors,” Eger said in the statement.

ADIO Director General Tariq Bin Hendi said ADIO’s investor care team would “facilitate connections throughout Abu Dhabi’s ecosystem” and explore opportunities over the coming months.

Israeli officials have been quick to play up the economic benefits of the accord, which once formalized would also include agreements on tourism, technology, energy, healthcare and security, among other areas.

A number of Israeli and Emirati businesses have already signed deals since the normalization deal was announced.

(Writing by Jeffrey Heller and Yousef Saba; editing by Ari Rabinovitch, Larry King, William Maclean)

Rockets land near Baghdad airport after week of anti-U.S. attacks

GENEVA, Switzerland (Reuters) – Three rockets landed in the vicinity of Baghdad airport near a military base in the complex that houses U.S. forces, the Iraqi military said, after one of the busiest weeks of attacks against U.S. targets in Iraq for months.

The incident caused no casualties, the military said.

It followed at least five attacks directed at U.S. interests in Iraq this week, including four blasts against convoys carrying supplies to bases housing U.S. forces, a rocket attack on an air base north of Baghdad and a rocket attack near the U.S. Embassy in the capital.

Washington blames such attacks on Iranian-backed militia groups. Iran has not directly commented on the incidents but little-known groups believed to be connected to Iran-aligned militias have claimed some attacks.

Friday’s attack took place as Prime Minister Mustafa al-Kadhimi prepares to travel to the United States for talks about Iraq’s future strategic relationship with Washington.

It also comes after Israel and the United Arab Emirates, two regional opponents of Iran, announced they would normalize diplomatic ties, a move that some commentators say provides a fresh challenge to Iran’s power in the Middle East.

Iraq, where U.S.-Iran tensions have often spilled over into violence, seeks to avoid being drawn into any regional conflagration.

The Middle East came close to a full conflict in January after a U.S. drone strike killed the Iranian General Qassem Soleimani and Iraqi paramilitary chief Abu Mahdi al-Muhandis at Baghdad airport.

Iran-aligned militias have sworn to avenge their deaths.

The militias see Kadhimi as having firmly sided with the United States since he took office in May, after he ordered an arrest raid against one powerful Iran-aligned group and has indicated he wants to rein in the paramilitaries.

(Reporting by John Davison; Editing by Chris Reese and Angus MacSwan)

Israel, UAE to normalize relations in shift in Mideast politics, West Bank annexation on hold

By Maha El Dahan, Jeffrey Heller and Steve Holland

DUBAI/JERUSALEM/WASHINGTON (Reuters) – Israel and the United Arab Emirates announced on Thursday that they will normalize diplomatic ties and forge a broad new relationship, a move that reshapes the order of Middle East politics from the Palestinian issue to Iran.

Under the accord, which U.S. President Donald Trump helped broker, Israel has agreed to suspend its planned annexation of areas of the occupied West Bank. The agreement also firms up opposition to regional power Iran, which the UAE, Israel and the United States view as the main threat in the conflict-riven Middle East.

Israel had signed peace agreements with Egypt in 1979 and Jordan in 1994. But the UAE, along with most other Arab nations, did not recognize Israel and had no formal diplomatic or economic relations with it until now. The UAE becomes the first Gulf Arab country to reach such a deal with the Jewish state.

The agreement was the product of lengthy discussions between Israel, the UAE and the United States that accelerated recently, White House officials said.

A joint statement said Trump, Israeli Prime Minister Benjamin Netanyahu and Abu Dhabi’s Crown Prince Sheikh Mohammed Bin Zayed had “agreed to the full normalization of relations between Israel and the United Arab Emirates”.

“This historic diplomatic breakthrough will advance peace in the Middle East region and is a testament to the bold diplomacy and vision of the three leaders and the courage of the United Arab Emirates and Israel to chart a new path that will unlock the great potential in the region,” the statement said.

In a separate statement, the crown prince stressed that the agreement would stop further Israeli annexation of Palestinian territories, which Israel has said had been awaiting a green light from Washington.

The agreement, to be known as the Abraham Accords, also gives Trump a foreign policy accomplishment as he seeks re-election on Nov. 3.

“HUGE breakthrough today! Historic Peace Agreement between our two GREAT friends, Israel and the United Arab Emirates,” Trump wrote on Twitter.

In the White House Oval Office, Trump said similar deals are being discussed with other countries in the region.

The UAE said it would remain a strong supporter of the Palestinian people and that the agreement maintained the viability of a two-state solution to the longstanding Israel-Palestinian conflict. There was no immediate reaction from the Palestinians, who hope to create an independent state in the occupied West Bank, Gaza and East Jerusalem.

Netanyahu said the agreement represented a “historic day” for his country. It could also be a personal boost to Netanyahu, who is on trial for alleged corruption and whose domestic popularity has dropped over his handling of the coronavirus pandemic.

A senior Israeli official said applying Israeli sovereignty to areas of the West Bank was still on the agenda, adding, “The Trump administration asked us to temporarily suspend the (sovereignty) announcement so that the historic peace agreement with the UAE can be implemented.”

‘NIGHTMARE’ FOR IRAN

U.S. Secretary of State Mike Pompeo, who is on a trip to Central European countries, said: “This is an enormous, historic step forward. Peace is the right path forward.”

Trump’s special envoy Brian Hook called the deal a “nightmare” for Iran.

There was no immediate response from the Iranian government but the Tasnim news agency, affiliated with Iran’s powerful Revolutionary Guards, called the accord “shameful”.

Iran and Israel are arch foes. Israel is particularly concerned about suspected Iranian efforts to develop nuclear weapons, which Tehran denies. Iran is also involved in proxy wars from Syria to Yemen, where the UAE has been a leading member of the Saudi-led coalition opposing Iran-aligned forces there.

With a population of less than 10 million but the Arab world’s second-largest economy thanks to oil, the UAE has exerted growing commercial and military clout in the Gulf and the wider region over the past two decades, much of it aimed at confronting Islamist militants and the influence of Iran.

U.S. lawmakers have tried to rein in Trump administration plans for arms sales, particularly to Saudi Arabia and the United Arab Emirates for use in the war in Yemen.

MORE DEALS IN PIPELINE?

Delegations from Israel and the United Arab Emirates will meet in the coming weeks to sign agreements regarding investment, tourism, direct flights, security, telecommunications and other issues, the statement said.

The two countries, which agreed in June to cooperate in the fight against the coronavirus in a sign of closer ties, are expected soon to exchange ambassadors and embassies.

The joint statement said that “as a result of this diplomatic breakthrough and at the request of President Trump with the support of the United Arab Emirates, Israel will suspend declaring sovereignty” over areas of the West Bank that were envisioned in a U.S. plan announced by Trump in January.

A signing ceremony including delegations from Israel and the United Arab Emirates is due to be held at the White House in the coming weeks.

“Everybody said this would be impossible,” Trump said. “After 49 years, Israel and the United Arab Emirates will fully normalize their diplomatic relations.”

Trump added, “This deal is a significant step towards building a more peaceful, secure and prosperous Middle East. Now that the ice has been broken, I expect more Arab and Muslim countries will follow the United Arab Emirates’ lead.”

This was already being discussed with other states, he said.

The agreement envisions giving Muslims greater access to the Al-Aqsa Mosque in the Old City of Jerusalem by allowing them to fly from Abu Dhabi to Tel Aviv, White House officials said.

United Nations Secretary-General Antonio Guterres welcomed “any initiative that can promote peace and security in the Middle East region,” a U.N. spokesman said.

Guterres had urged Israel in June to abandon plans to annex settlements in the West Bank, warning that this threatened prospects for peace with the Palestinians.

(Reporting By Maha El Dahan and Lisa Barrington, Steve Holland in Washington; Jeff Heller in Jerusalem, Writing by Angus MacSwan; Editing by Will Dunham)

Seven countries issue Iran-related sanctions on 25 targets

Seven countries issue Iran-related sanctions on 25 targets
WASHINGTON (Reuters) – The United States and six other countries imposed sanctions on Wednesday on 25 corporations, banks and people linked to Iran’s support for militant networks including Hezbollah, the U.S. Treasury Department said in a statement.

The targets were announced by the Terrorist Financing Targeting Center (TFTC) nations – which also include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – as Treasury Secretary Steve Mnuchin was on a Middle East trip to finalize details of an economic development plan for the Palestinians, Jordan, Egypt and Lebanon.

All 25 targets were previously sanctioned by the United States.

“The TFTC’s action coincides with my trip to the Middle East, where I am meeting with my counterparts across the region to bolster the fight against terrorist financing,” Mnuchin said in the Treasury statement.

In Jerusalem on Monday, Mnuchin said the United States would increase economic pressure on Iran over its nuclear program, making the pledge during a Middle East trip that includes visits to U.S. allies Israel and Saudi Arabia.

Sanctions reimposed on Tehran by President Donald Trump after he withdrew the United States from world powers’ 2015 nuclear pact with Tehran have dried up Iranian oil revenues and cut Iranian banks’ ties to the financial world.

Twenty-one of the targets announced Wednesday comprised a vast network of businesses providing financial support to the Basij Resistance Force, the Treasury said.

It said shell companies and other measures were used to mask Basij ownership and control over multibillion-dollar business interests in Iran’s automotive, mining, metals, and banking industries, many of which have operate across the Middle East and Europe.

The four individuals targeted were Hezbollah-affiliated and help coordinate the group’s operations in Iraq, it said.

(Reporting by Doina Chiacu and Daphne Psaledakis; editing by Jonathan Oatis)

Pompeo discusses Iran with Gulf allies amid escalating crisis

U.S. Secretary of State Mike Pompeo meets with Saudi Arabia's King Salman bin Abdulaziz at Al Salam Palace in Jeddah, Saudi Arabia June 24, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

By Stephen Kalin

RIYADH (Reuters) – U.S. Secretary of State Mike Pompeo discussed Iran and maritime security with rich Gulf Arab allies during a trip to the region on Monday after President Donald Trump called off a military strike to retaliate for Tehran’s downing of a U.S. drone.

Pompeo met with Saudi Arabia’s King Salman and had lunch with Crown Prince Mohammed bin Salman before proceeding to the United Arab Emirates for talks with Abu Dhabi’s crown prince.

The discussions covered protection for ships in the Gulf, after attacks on tankers in recent weeks which Washington has blamed on Iran: “Freedom of navigation is paramount,” Pompeo tweeted from the Saudi city of Jeddah.

He thanked King Salman for meeting on “such short notice”, an apparent sign of how quickly the United States has mobilized diplomatic efforts as the confrontation escalates.

The Saudi media ministry said Pompeo and Prince Mohammed reiterated that the “two countries stand side by side in confronting the hostile Iranian activities and in combating terrorism.”

Relations between longtime foes Iran and the United States have deteriorated since Trump withdrew Washington a year ago from a 2015 accord that curbed Tehran’s nuclear program in exchange for easing sanctions.

Tensions have flared following the attacks on oil tankers in the Gulf, Iran’s downing of the drone last week, and repeated attacks on Saudi airports and oil installations by Yemen’s Iran-aligned Houthis.

Iran said on Monday that U.S. cyber attacks on its military had failed, while hinting that it could be willing to discuss new concessions if the United States were to lift sanctions and offer new incentives.

Washington and Riyadh have publicly accused Tehran of being behind the tanker attacks near the Strait of Hormuz. Iran has denied involvement. The United States has protected the waterway for decades with its naval Fifth Fleet based in Bahrain.

Trump said on Monday that other countries, including China and Japan, should protect their own ships there.

There was no immediate indication that Pompeo had raised with Saudi leaders the killing of U.S.-based Saudi journalist Jamal Khashoggi last year in the kingdom’s Istanbul consulate.

A U.N. report last week called for the crown prince and other senior officials to be investigated given credible evidence against them.

The Trump administration is pressing the Saudis to show progress toward holding to account those behind the killing.

Trump told NBC on Sunday he did not discuss the murder in a recent phone call with the crown prince. Asked if the FBI should investigate, he responded: “I think it’s been heavily investigated.”

The murder tarnished the crown prince’s international standing. The CIA and some Western countries believe he ordered the killing, which Saudi officials deny.

(Reporting By Stephen Kalin in Riyadh and Maha El Dahan and Sylvia Westall in Dubai; Editing by Raissa Kasolowsky and Peter Graff)

Iranian lawmaker blames ‘Israeli mischief’ for tanker attacks off UAE coast

FILE PHOTO: A damaged ANDREA VICTORY ship is seen off the Port of Fujairah, United Arab Emirates, May 13, 2019. REUTERS/Satish Kumar

GENEVA (Reuters) – The tanker attacks off the coast of the United Arab Emirates were “Israeli mischief,” an Iranian parliamentary spokesman said on Tuesday, according to the Islamic Republic News Agency (IRNA).

“The events that took place in the Emirates were Israeli mischief,” Behrouz Nemati said, without providing any details on what role Israel may have played in the attacks.

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the Emirates and described it as an attempt to undermine the security of crude supplies amid tensions between the United States and Iran.

The UAE said on Sunday that four commercial vessels were sabotaged near Fujairah emirate, one of the world’s largest bunkering hubs lying just outside the Strait of Hormuz. It did not describe the nature of the attack or say who was behind it.

(Reporting by Babak Dehghanpisheh, editing by Louise Heavens)

Saudi Arabia says its oil tankers among those hit by attack off UAE coast

General view of the Port of Fujairah, United Arab Emirates, May 13, 2019. REUTERS/Satish Kumar

By Rania El Gamal and Bozorgmehr Sharafedin

DUBAI/LONDON (Reuters) – Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the security of crude supplies amid tensions between the United States and Iran.

The UAE said on Sunday that four commercial vessels were sabotaged near Fujairah emirate, one of the world’s largest bunkering hubs lying just outside the Strait of Hormuz. It did not describe the nature of the attack or say who was behind it.

The UAE had not given the nationalities or other details about the ownership of the four vessels. Riyadh has identified two of them as Saudi and a Norwegian company said it owned another. Reuters images showed the fourth vessel was the UAE-flagged A. Michel, a fuel bunker barge.

Thome Ship Management said its Norwegian-registered oil products tanker MT Andrew Victory was “struck by an unknown object”. Footage seen by Reuters showed a hole in the hull at the waterline with the metal torn open inwards.

A Reuters witness said divers were inspecting the damaged ships on Monday.

Iran, which is embroiled in an escalating war of words with the United States over sanctions and the U.S. military’s presence in the region, moved to distance itself on Monday.

Iran’s Foreign Ministry called the incidents “worrisome and dreadful” and asked for an investigation into the matter.

A senior Iranian lawmaker said, “saboteurs from a third country” could be behind it, after saying on Sunday the incident showed the security of Gulf states was fragile.

Highlighting international concerns, Britain’s Foreign Minister Jeremy Hunt warned of the risks of “a conflict happening by accident” with an unintended escalation between Washington and Tehran over an unraveling nuclear deal.

Washington withdrew last year from a 2015 pact between Iran and global powers aimed at reining in Tehran’s nuclear plans. Since then, the United States has ratcheted up sanctions on Iran, saying it wanted to reduce its oil exports to zero.

UAE LAUNCHES PROBE

A fifth of global oil consumption passes through the Strait of Hormuz from Middle East crude producers to major markets in Asia, Europe, North America and beyond. The narrow waterway separates Iran from the Arabian Peninsula.

Iran’s Revolutionary Guards, designated a terrorist organization by the United States, threatened last month to close the chokepoint if Tehran was barred from using it.

Oil prices rose on Monday, with Brent crude futures at $72.08 a barrel by 1416 GMT, up $2.07.

Saudi Energy Minister Khalid al-Falih said that one of the two Saudi vessels was attacked in the UAE economic zone on its way to be loaded with Saudi crude from Ras Tanura port for delivery to state-owned Aramco’s customers in the United States.

The attack did not cause any casualties or an oil spill but caused significant damage to the vessels’ structures, he said in a statement.

Trading and shipping sources identified the Saudi vessels as very large crude carrier (VLCC) tanker Amjad and crude tanker Al Marzoqah, both owned by Saudi shipping firm Bahri, which did not respond to a Reuters request for comment.

The UAE Foreign Ministry had said there were no casualties and the Fujairah port operations were normal. An investigation was launched in coordination with international authorities, it said, calling on global powers to prevent any parties trying to harm maritime safety and security.

Dubai and Abu Dhabi stock markets suffered their biggest single-day declines in years on Monday, with Dubai falling 3.97%. Saudi shares lost 3.55%.

OIL SECURITY

Sunni Muslim allies Saudi Arabia and the UAE have backed U.S. sanctions against Shi’ite Iran, a fellow OPEC producer but regional foe. After the United States ended all sanctions waivers that had allowed some nations to continue importing Iranian crude, Washington said Riyadh and Abu Dhabi would help compensate for any shortage in oil supply.

Falih said the attack aimed to undermine maritime freedom and the security of oil supplies to consumers worldwide.

“The international community has a joint responsibility to protect the safety of maritime navigation and the security of oil tankers, to mitigate against the adverse consequences of such incidents on energy markets and the danger they pose to the global economy,” he said.

Iranian Foreign Ministry spokesman Abbas Mousavi said the incident “has a negative impact on maritime transportation security” and asked regional countries to be “vigilant against destabilizing plots of foreign agents”, the semi-official ISNA news agency reported.

The U.S. Maritime Administration said in an advisory on Sunday that incidents off Fujairah, one of the seven emirates that make up the UAE, had not been confirmed and urged caution.

The Maritime Administration had said earlier this month that U.S. commercial ships including oil tankers sailing through Middle East waterways could be targeted by Iran in one of the threats to U.S. interests posed by Tehran.

Washington said it was sending a U.S. aircraft carrier and other forces to the Middle East due to what it said were Iranian threats, while Tehran has called the U.S. military presence “a target” rather than a threat. Iran has said it would not allow its oil exports to be halted.

(Additional reporting by Jonathan Saul and Robin Emmott in London, Saeed Azhar in Dubai and Oslo newsroom; Writing by Ghaida Ghantous; Editing by Angus MacSwan and Edmund Blair and Mark Potter)