By Bernard Schell | IDN-InDepth NewsAnalysis
CAIRO (IDN) – The sigh of relief some two months ago that the United Arab Emirates (UAE) and Iran had reached an agreement on the three disputed islands near the strategic Strait of Hormuz, was rather short-lived. Only six days later, the report was denied by Iran. Now on March 10, the 22-nation Arab League has slammed Iran for refusal to accept the UAE’s sovereignty over the three islands in the strait between the Gulf of Oman and the Persian Gulf, through which about 20% of the world’s petroleum, and about 35% of the petroleum traded by sea passes.