UAE and Saudi Arabia report drone incidents attacks — Reuters

The United Arab Emirates (UAE) officials said that a drone strike had triggered a fire near its nuclear power station, calling the incident a "dangerous escalation,” Reuters reported on Sunday.

Emirati officials stated that they were investigating the source of the strike and that the country had the full right to respond to such "terrorist attacks.”

Meanwhile, Saudi Arabia reported the three drones it intercepted entered from Iraqi airspace and warned that it would take the necessary operational measures to respond to any attempt to violate its sovereignty and security.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is up 1.83% on the day at $102.78.