The United Arab Emirates (UNAE) has seen its shares fall after fresh attacks by Iran and the United States in the Gulf escalate. The attacks, which have been reported as serious as possible, have strained an already fragile truce between the two countries. The United States is pushing to reopen the Strait of Hormuz, a key global energy hub, to alleviate severe strain on global energy supplies. The UAE has warned that these strikes represent a serious escalation and it reserves the right to respond.