India and UAE sign defence pacts, as Iran war tensions simmer
Summary
India and the United Arab Emirates (UAE) signed agreements on defence, energy, and shipping to strengthen their relationship during Prime Minister Narendra Modi’s visit to Abu Dhabi. This comes amid rising tensions between the UAE and Iran, including recent attacks on the UAE's Fujairah emirate that affected Indian workers.Key Facts
- India and the UAE signed pacts to increase cooperation in defence, energy, and shipping sectors.
- The defence agreement includes collaboration on advanced technology, training, maritime security, cyber defence, and secure communication.
- A key energy deal allows India to store crude oil in the UAE’s Fujairah as part of its strategic petroleum reserves.
- The UAE accused Iran of attacking its Fujairah emirate using drones and missiles, causing an oil refinery fire and injuring three Indian workers.
- India’s Prime Minister Modi strongly condemned the attacks on the UAE.
- About 4.3 million Indians live or work in the UAE.
- The UAE will invest up to $5 billion to boost economic ties with India.
- India has raised fuel prices by 3% because the Iran conflict and the Strait of Hormuz blockade have disrupted oil supplies; India imports 90% of its oil, with about half passing through this key waterway.
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