Some UAE companies have pulled out of a major defence show taking place in Saudi Arabia, two sources with direct knowledge of the matter told Reuters, the latest sign that a rift between the two Gulf oil powers is seeping into business interests. The World Defence Show is set to take place in the Saudi capital Riyadh from February 8-12. It was not immediately clear if all the UAE participants involved in the country pavilion had withdrawn. There was no immediate comment by the UAE foreign ministry or the Saudi government media office on the matter. Trickle-down effect Once the twin pillars of regional security, the two Gulf heavyweights have seen their interests diverge on everything from oil quotas to geopolitics. Their disagreements came out into the open in December when an advance by a UAE-backed southern Yemeni separatist group brought it too close to Saudi borders for comfort and quickly escalated to a Saudi-led coalition strike on a UAE-linked weapons shipment...
The United States on Friday announced new sanctions to curb Iran's oil exports, including targeting 14 vessels, moments after the adversaries wrapped up a day of indirect talks in Oman. US State Department spokesperson Tommy Pigott said Iran uses oil revenue to "fund destabilising activities around the world and step up its repression inside Iran." Trump is "committed to driving down the Iranian regime's illicit oil and petrochemical exports under the administration's maximum pressure campaign," Pigott said in a statement. The state department said it would order a block of any transactions with 14 vessels said to transport Iranian oil, including ships flagged from Turkey, India and the United Arab Emirates. It also announced sanctions on 15 entities and two people. Since Trump's first administration, the United States has imposed sanctions to force all other countries to stop buying Iranian oil. Iran's foreign minister met indirectly in Oman on ...