Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

The potential for rupiah weakening is influenced by various factors such as the conflict between Iran and Israel, as well as the upcoming Federal Reserve meeting.

Since the war began last week with Israeli attacks on Iranian nuclear sites, the Emirates has waived all visa overstay fees for Iranians stranded in the country. On Tuesday, the Emirati ruler, Sheikh Mohammed bin Zayed, called the Iranian president to express “solidarity with Iran and its people during these challenging times.”