The UAE’s economy and image as Mideast haven are tested by war
Summary
The United Arab Emirates (UAE) has faced multiple drone and missile attacks during the ongoing war involving Iran, affecting its economy, especially oil exports and tourism. A recent drone strike targeted the UAE’s only nuclear power plant but caused no injuries or radiation leaks, highlighting ongoing risks despite a fragile ceasefire.Key Facts
- The UAE is a key ally of the United States and Israel in the Middle East.
- Iran has launched more missile and drone attacks on the UAE than any other country during the war.
- The attacks and Iran’s control over the Strait of Hormuz have cut the UAE’s oil and gas exports by more than half.
- Tourism and international business in the UAE have slowed down because of the conflict.
- The UAE plans to build a new oil pipeline to reduce dependence on the Strait of Hormuz.
- The UAE left the OPEC oil group to increase its energy production over a longer time.
- A drone strike recently hit the UAE’s sole nuclear power plant at Barakah, causing a fire but no radiation release.
- The UAE government has warned Iran against threats and stated it may respond with military action if needed.
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