UAE's Central Bank raises base rate at 25 basis points

The UAE has led a successful UN diplomatic push, with the Security Council adopting Resolution 2817 to condemn Iran's "egregious attacks." Co-sponsored by 140 nations, the resolution demands an end to "indiscriminate strikes" and affirms the UAE's right to self-defence against threats to its sovereignty and civilian infrastructure.

The UAE has activated air defences to intercept an Iranian missile and drone attack, advising residents to "remain in a safe location." Authorities have intercepted over 1,700 threats since the conflict began. While most were neutralised, hostilities have tragically caused six deaths and 131 injuries among various nationalities.

The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it has "a broad bank of targets."

Speaking to reporters during a visit to the Thermo Fisher Scientific facility in Cincinnati, Trump said the operation was aimed at neutralising Iran's missile and drone capabilities.

MEA official spokesperson Randhir Jaiswal, while addressing an Inter-Ministerial Briefing on Recent Developments in West Asia, said that the Indian Embassy in Tehran remains fully operational and is on high alert. The government is assisting Indian nationals, including students and pilgrims, who wish to leave the country. He further added that those choosing to exit Iran via land, the embassy is assisting citizens in crossing into Armenia and Azerbaijan, from where they can board commercial flights to return to India.