The United Arab Emirates (UAE) and Saudi Arabia reported new drone incidents on Sunday as tensions linked to the ongoing Iran war continued despite a ceasefire that took effect in April, according to Reuters.
UAE officials said a drone strike caused a fire at the Barakah Nuclear Power Plant after hitting an electrical generator outside the facility’s inner perimeter. Authorities said there were no injuries, no radiation leak and that safety levels at the plant remained normal. The UAE defense ministry added that two additional drones launched from the western border were intercepted. Officials described the incident as a serious escalation and said the country reserved the right to respond.
Saudi Arabia said it intercepted three drones that entered its airspace from Iraq, warning it would take operational measures against any threat to its sovereignty and security.
In addition to the obvious risks associated with military action, the war in Iran has also increased economic pressure worldwide, causing global companies to lose at least $25 billion due to higher energy prices, disrupted supply chains, and shipping challenges linked to instability around the Strait of Hormuz.
According to the Reuters analysis, at least 279 companies across the U.S., Europe and Asia have already taken measures to reduce financial losses, including raising prices, cutting production, suspending shareholder payouts, furloughing workers and seeking government support.
