Key insights
- The WSJ reported that the UAE secretly carried out military strikes on Iran, including an attack on an oil refinery. This geopolitical escalation in the Middle East could negatively impact US equities due to increased uncertainty and potential disruptions to oil supply, leading to higher energy prices and inflationary pressures.
May 11 (Reuters) - The United Arab Emirates has carried out military strikes on Iran, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The strikes, which the UAE has not publicly acknowledged, included an attack on a refinery on Iran's Lavan Island in the Persian Gulf, WSJ said, adding that the attack took place in early April.
Reuters could not immediately verify the report.
(Reporting by Carlos Méndez in Mexico City; Editing by Nia Williams)