UAE sends phone alert on missile threat

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This is all breaking now and it's not clear where the missile came from or if it was a drone but they're now out with a phone notification saying the situation is now safe.

Iran's Tansim reported that an explosion was heard in Dubai but i want to treat that with some skepticism until it's confirmed.

Oil prices jumped more than $1 from prior levels of the headlines. There were only two minutes between the warning and the 'all clear'.

This article was written by Adam Button at investinglive.com.

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