WorldUAE Fends Off Iranian Attack as Regional Conflict Escalates

The UAE says it repelled an Iranian attack as regional tensions intensify. A UAE adviser calls the current “neither war nor peace” situation unsustainable, while US strikes hit an island in the Strait of Hormuz. Oil prices rise as crude continues through the strait despite missile threats to tankers. Shein also debuts in Hong Kong after a $1.7 billion IPO, under pressure from tariffs, Temu competition and a lower private-market valuation.