United Arab Emirates (UAE) Presidential Adviser Anwar Gargash said during the European trading session on Monday that political solutions must begin with de-escalation and restoring normal shipping through the Strait of Hormuz, a key passage to almost one-fifth of global energy supply.

UAE Presidential Adviser Gargash also said that a more realistic approach is needed beyond the memorandum of understanding (MoU) that failed to provide a practical and acceptable roadmap.

Separately, the UAE Defense Ministry reported that it intercepted an Iranian drone over its regional waters on Monday. A Ministry statement conveyed by the state-run news agency (WAM) affirmed readiness to handle all threats and continuous round-the-clock monitoring.

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.