GeopoliticsJuly 13 at 07:34 AM

Explosion heard in UAE, Tasnim reports; The UAE Ministry of Defense issued an urgent statement announcing that a fire had broken out in one of the surplus military warehouses

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UAE reports a military warehouse fire amid failing US-Iran ceasefires and active air defense interceptions. Investors eye oil volatility despite UAE's record production levels and strategic US trade upgrades.

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Geopolitics

Explosion heard in UAE, Tasnim reports; The UAE Ministry of Defense issued an urgent statement announcing that a fire had broken out in one of the surplus military warehouses

What do investors think?

Today's market highlights

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Only 'one or two issues' remain unresolved in Iran-Oman talks, a senior diplomatic source tells Al Jazeera