Oil prices rose nearly 3% on Monday as US-Iran peace talks stalled and global supply concerns deepened. Brent crude climbed to $108.36 per barrel, reaching a three-week high. The increase reflects tightening supply conditions and geopolitical uncertainty. West Texas Intermediate also gained, rising to $96.85 per barrel as market sentiment strengthened. Both benchmarks recorded significant […]
oil prices surge
Oil Prices Surge Nearly 7% After Trump Signals Continued US Strikes on Iran
Oil prices jumped sharply on Thursday, with Brent crude rising 6.8% to $108 per barrel and U.S. West Texas Intermediate (WTI) gaining 6.4% to $106.52 per barrel, following remarks by President Donald Trump regarding ongoing U.S. attacks on Iran. Trump addressed the nation, stating that the U.S. military was “very close” to completing its objectives […]
Middle east war wipes $120 billion
The Middle East conflict has erased $120 billion from Dubai and Abu Dhabi stock markets. Rising oil prices are hurting global economies and increasing financial pressure on businesses. Investors, consumers, and regional markets face growing uncertainty due to escalating tensions. According to Arab media reports, UAE stock markets suffered massive losses since the conflict began. […]
Oil prices surge nearly three percent amid US-Iran tensions
Oil prices climbed sharply on Friday, hitting their highest levels in over a week after the United States increased pressure on Iran through fresh sanctions and deployed a naval armada to the region. Brent crude futures rose $1.82, or 2.8%, settling at $65.88 a barrel, while US West Texas Intermediate crude gained $1.71, or 2.9%, […]