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May 1 (Reuters) – Stock markets in the United Arab Emirates closed slightly higher on Friday, as investors remained cautious amid a lack of progress in diplomatic talks between Iran and the United States.
Efforts to resolve the conflict have reached a standstill. Although a ceasefire has been in effect since April 8, tensions remain high as Iran continues to block the Strait of Hormuz in retaliation for a U.S. naval blockade of its vital oil exports.
U.S. President Donald Trump was scheduled to receive a briefing on Thursday…