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The United Arab Emirates attempted to persuade Saudi Arabia and Qatar to join a unified military response to Iran's airstrikes. Both countries declined to participate. Bloomberg reported the UAE expressed disappointment at the lack of support.
Officials from the UAE expressed disappointment when both nations declined to take part. The effort sought a coordinated approach among the three Gulf states following the Iranian strikes.
The development highlights differing positions among key Arab states on how to address actions by Iran. Saudi Arabia and Qatar each chose not to join the proposed military response. No further details were provided on the specific Iranian strikes that prompted the UAE's diplomatic effort or on any subsequent steps planned by the UAE.
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cnbc.comFederal Reserve Governor Christopher Waller said an above-target core inflation reading this week would require the FOMC to consider raising rates soon. He added that several months of cooler data are needed before he would view inflation as clearly declining toward the 2 percent…
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