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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 MoreOman oil prices continue to rise
The price of Omani oil continued its rise, with prices for delivery by next July reaching $31.49 USD on the Dubai Energy Market. A statement issued online by the Oman News Agency (ONA) said: “The official price of Oman oil on the Dubai
Read MoreCoronavirus: Prices of facemasks up 1,700% in Saudi Arabia
Riyadh: It is no wonder you can’t find medical masks at pharmacies or any shop easily in Saudi Arabia these days. Owning to the lack of supplies, some shops there have hiked prices of facemasks by a whopping 1,700 per cent, the Saudi daily
Read MoreSaudi Arabia may slash April oil prices to Asia by most since 2012
Top oil exporter Saudi Arabia is expected to make the deepest cuts to its monthly official selling prices (OSP) to Asia since 2012, tracking declines in Middle East benchmarks and weak refining margins as the coronavirus outbreak has cut
Read MoreOil prices stabilize as Saudi crown prince talks peace
JEDDAH: Oil prices stabilized on Monday after Saudi Crown Prince Mohammed bin Salman called for diplomatic solutions to the crisis with Iran and the war in Yemen. Armed conflict with Iran would be catastrophic for global growth, the crown prince
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