#uae-saudi-diplomacy

#uae-saudi-diplomacy

A 'workable system' of transit and shipowner confidence in the security of the transiting vessels is essential. This includes availability of insurance for transiting vessels, facilitating commercial trade financing, and sustained outbound vessel transits through the Strait of Hormuz.

"With that corridor uncertain, itineraries have been cancelled and future plans are on hold."

Bahrain's Ministry of Foreign Affairs strongly condemned the continued malicious drone attacks launched from Iraq towards Bahrain and several Gulf Cooperation Council countries, calling on Baghdad to address these threats and attacks urgently and responsibly.

The International Monetary Fund (IMF) has lowered its global economic growth forecast as tensions between the United States and Iran have driven up energy and food costs globally. The IMF expected the global economy to grow by 3.1 percent this year, a slowdown from its earlier forecast of 3.3 percent.

The United Arab Emirates (UAE) on Wednesday said its air defences are actively engaging incoming missiles and drones from Iran, with explosions heard across the country due to interceptions.