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Global Energy Squeeze: Gulf States Navigate Rising Fuel Costs
The $100 Barrel Reality Global energy markets face a brutal squeeze this June. The US-Israel-Iran conflict severely disrupts global oil shipments. These ongoing supply chain disruptions keep crude prices stubbornly high. Gulf residents face a
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GCC Petrol Prices Remain Highly Competitive Globally in May
A new regional economic report highlights fuel cost variations across the Gulf. Reviewing Regional Fuel Costs A new economic report outlines retail petrol prices across the GCC. The data reflects May 2026 prices in US dollars. Analysts focused
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Trump Extends Iran Ceasefire Amid Hormuz Blockade
The US President demands a unified peace proposal while maintaining strict maritime pressure. A Last-Minute Extension President Donald Trump extended the US-Iran ceasefire today. He made this crucial decision just hours before the official
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President Trump Signals Possible End to Iran Conflict
Diplomatic efforts intensify as Pakistan leads new peace talks across the region. Optimism for a Lasting Ceasefire President Donald Trump
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Oil Prices Drop Amid Hopes for US-Iran Talks
Markets calm down as supply fears ease in early Asian trading. Fresh Drops in Crude Markets Oil prices fell during early Asian trading on
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US Blockades Iranian Ports After Islamabad Peace Talks Fail
The US military will blockade Iranian ports on Monday following failed peace talks. The blockade begins at 10:00 ET despite a temporary
Read MoreUS-Iran Ceasefire Talks Collapse As Trump Threatens Hormuz Blockade
US Vice President JD Vance left Pakistan on Sunday. Marathon ceasefire talks with Iran ended without an agreement. Negotiators debated for 21 hours in Islamabad. Vance said Iran refused American terms. He stated Iran must abandon its nuclear
Read MoreIndonesia conducts test flight using jet fuel mixed with palm oil
Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to commercialise the fuel as it seeks creative ways to use the edible oil domestically. The plane flew
Read MoreOil slides 5% to lowest level since June on demand fears
Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand recovery could weaken as coronavirus infections flare up around the world. Coronavirus cases rose in 22 of the 50 US states, a Reuters
Read MoreKuwait and Saudi Arabia to restart Neutral Zone production
Kuwait and Saudi Arabia have resolved their dispute over the so-called Neutral Zone, which is shared by both countries, clearing the way for oil and gas production to resume in the region. Kuwaiti foreign minister Sheikh Ahmad Nasser
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