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UAE's Gargash sees '50-50' odds of US-Iran deal, warns against renewed fighting

Al-Monitor United States
UAE's Gargash sees '50-50' odds of US-Iran deal, warns against renewed fighting
By Maha El Dahan and Jana Choukeir DUBAI, May 22 (Reuters) - There is a "50-50 chance" of a U.S.-Iran peace agreement, the United Arab Emirates' presidential advisor said on Friday, but stressed that any political settlement must address the root causes of instability in the region to avoid future conflict. Pakistan has been mediating a U.S.-Iran ceasefire to end the war that has shaken the global economy and disrupted trade through the Strait of Hormuz, a key route for around a fifth of global oil and liquefied natural gas shipments.
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