Iran-UAE Crisis Escalates: Missile Strikes and Trade Suspension

Iran allegedly fired missiles at the UAE, prompting a $20B trade suspension. Oil at $94/bbl. Trump's 'Economic D-Day' and Hormuz map. Pezeshkian signals 'end war from strength' tone shift. Gulf states prepare for life without Hormuz (Fujairah port talks; Macron-MBS meeting on alternatives). Shipping through Hormuz down to 6 vessels/day. Crisis at peak with direct state-on-state confrontation.