UAE official '50-50' chance of US-Iran agreement on Hormuz'

The US and Iran have just a "50-50" chance of reaching an agreement that would free up the Strait of Hormuz, a senior UAE official said on Friday.

Presidential adviser Anwar Gargash urged Tehran not to overplay its hand in the stop-start negotiations during the Middle East war's fragile ceasefire. Iranian officials "have missed a lot of chances over the years because there's a tendency to overestimate their cards", Gargash told the



GLOBSEC Forum in Prague.

"I hope they don't do that this time." The oil-rich UAE, which hosts US military facilities, was targeted by about 3,300 drones and missiles during 40 days of war from February 28 onwards, Gargash said, with only around four percent getting through. He said the Iran-blockaded Hormuz, which normally carries a fifth of global oil production, must go back to normal, and cautioned against an inconclusive ceasefire.