US-Iran conflict: UAE on alert; India allocates $27 billion credit guarantee for businesses; countries slam Iran's unprovoked attacks

Tensions escalated following Iran's attack on the UAE, prompting heightened alert measures. The US paused ‘Project Freedom’ but continued monitoring vessels transiting the Strait of Hormuz, while pushing for a UN resolution imposing sanctions on Iran. Global oil prices plummeted, and the US is attempting to restart negotiations with Iran towards a potential deal.