BREAKING NEWS

UAE cautions against escalating Iran tension

By REUTERS

JANUARY 20, 2012 11:40

DUBAI - The United Arab Emirates on Friday cautioned against further escalation in tensions over Iran's nuclear activity and welcomed remarks by Iran's foreign minister, who on Thursday said regional "peace and tranquility" was in everyone's interest.

Confrontation is brewing between Iran and the United States over Tehran's nuclear work, which Washington and other powers say is aimed at developing atomic weapons but Iran says is peaceful.

Iran has threatened to close the Strait of Hormuz, which channels a third of the world's seaborne oil, if pending Western moves to ban Iranian crude exports cripple its lifeblood energy sector, fanning fears of a slide into wider Middle East war.

"It's important to get far away from any escalation and we stress the stability of the region. I welcome the comments of my colleague the Iranian foreign minister to create distance from any escalation," UAE foreign minister Sheikh Abdullah bin Zayed al-Nahayan was quoted as saying by state news agency WAM on Friday.

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