Dubai Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

UAE crude exports surged 30 to nearly 3.9 million barrels per day in June, approaching highs not seen since 2017, as the Emirates leverages its Hormuz bypass infrastructure and its May exit from OPEC. Goldman Sachs now warns the Gulf's recovery pace risks flooding markets just as Brent slides toward 70.

UAE Announces Fuel Price Hike for April 2026

UAE Announces Fuel Price Dubai: The United Arab Emirates announces fuel price for April 2026 on Tuesday, confirming a notable increase across all fuel categories. The revised rates reflect current global oil trends and will take effect from April 1st. Super 98 Petrol From Dh2.59 in March to Dh3.39/litre in April 2026 Special 95 Petrol [] The post UAE Announces Fuel Price Hike for April 2026 appeared first on Riyadh Xpress.

Commodities: Oil Market Shrugs Off Persian Gulf Escalation

Commodities: Oil Market Shrugs Off Persian Gulf Escalation

Pakistan braces for another fuel blow as global oil surge threatens petrol, diesel price hike

The petrol and diesel prices in Pakistan are likely to witness a rise due to recent surge in crude oil rates in global market, ARY News reported.

Gulf Oil Exports in June Led by Record UAE Shipments

Gulf oil exports rose by over 3 million barrels per day (bpd) from May to over 10 million bpd in June, shipping data show. The UAE led, exporting 3.7-3.8 million bpd in June, more than 1 million bpd higher than May, according to Kpler, Vortexa, and LSEG. Export volumes remain 40 below pre-conflict levels. Combined [] The post Gulf Oil Exports in June Led by Record UAE Shipments first appeared on Egypt Oil Gas.

Harga minyak mentah terus merosot, tekanan inflasi import mereda

PETALING JAYA: Harga minyak mentah terus menyusut susulan ketegangan yang semakin mereda di Lubnan dan Selat Hormuz, sekali gus mengurangkan tekanan inflasi import ke atas Malaysia. Hingga lewat petang semalam, harga minyak mentah Brent susut 0.61 peratus kepada AS80.08 (RM332.52) setong, manakala West Texas Intermediate (WTI) naik 0.37 peratus kepada AS76.04 (RM315.75) setong. Ketua Ahli ... Read more The post Harga minyak mentah terus merosot, tekanan inflasi import mereda appeared first on Utusan Malaysia.

Oil markets brace for more turbulence ahead amid geopolitical risks, supply-demand dynamics

BEIJING, July 10 (Xinhua) -- Middle East tensions flared anew on Wednesday, sending oil prices sharply higher after the U.S. military resumed strikes on Iran. Brent crude futures jumped more than 5 percent, nearing 80 U.S. dollars a barrel.Investors were quick to price in the risk of further supply disruptions through the Strait of Hormuz, one of the world's most important energy shipping routes, though analysts

Morocco faces fresh uncertainty as oil prices climb

Global oil prices are once again experiencing volatility as renewed security tensions in the Middle East push crude prices higher, raising questions about whether the recent decline in fuel prices in Morocco will come to an end. Although oil prices edged slightly lower in early trading on Friday, both major benchmarks remained on track for [] The post Morocco faces fresh uncertainty as oil prices climb appeared first on HESPRESS English - Morocco News.

Dubai’s economy grows 2.4% in Q1 2026 as UAE posts record foreign investment inflows

Photo Credit: WAM Dubai, UAE — July 2026 — Dubai’s economy continued its upward trajectory in the first quarter of 2026, with the emirate’s gross domestic product reaching AED 232 billion, a 2.4 percent increase compared to the same period last year, according to official figures released by Dubai’s Department of Economy and Tourism. Officials attributed the [] The post Dubai’s economy grows 2.4 in Q1 2026 as UAE posts record foreign investment inflows appeared first on Middle East News 247.

Dubai Gold Rate Today: 18K, 22K, 24K Gold Prices for July 12, 2026

Dubai gold prices rose on July 12, 2026, with 24K gold priced at INR 1,30,700 per 10 grams. Renewed safe-haven demand and geopolitical tensions supported bullion prices as investors tracked inflation and central bank policy developments.

Fuel prices rise again with diesel, kerosene hikes on July 7

The DOE says Dubai crude has fallen to pre-war levels, but local pump prices remain tied to still-elevated regional fuel benchmarks

Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik

Petrol traded between 90.36 and 98.35 per barrel last week. The post Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik appeared first on BOL News.

Oil prices jump after renewed Middle East escalation

Global oil prices surged by more than 3 on Wednesday after the United States launched strikes against Iran in response to attacks on three oil tankers in the Strait of Hormuz. The price of Brent crude rose 3.2 to US76.54 per barrel in Wednesday morning trading, while West Texas Intermediate (WTI) crude also climbed 3.2 [] The post Oil prices jump after renewed Middle East escalation appeared first on Baltic News Network.

Dangote, marketers battle for customers as diesel prices spike across Nigeria

Diesel prices surge by up to N50 across Lagos, Port Harcourt, and Warri, while petrol remains stable amid competitive pressures and regional market dynamics.

Oil prices jump more than 6% after Trump says Iran deal is “over”

London, July 8 (SANA) Oil prices rose more than 6 on Wednesday, hitting their highest levels in two weeks after U.S. President Donald Trump said the deal with Iran to end the conflict was “over,” raising concerns over crude supplies from the Middle East. According to Reuters, Brent crude futures gained 6.16 to 78.73 a []

Why fuel prices haven’t fallen yet despite falling global oil prices

Fuel prices in Ghana are once again caught between global oil swings and the structure of domestic pricing. Crude markets have eased, but pump prices have not yet caught up. Earlier in the year, before tensions between Iran, Israel and the United States escalated, Ghanaian consumers were briefly seeing relief. Petrol was selling at about []

Iran inflation nears 89% as war strains economy

Iran inflation nears 89 as war strains economy Iran's inflation rate accelerated sharply in June, reaching 88.6 percent year-on-year, according to the country's Statistics Centre, which linked the surge to the economic impact of the recent war. The official agency said food prices more than doubled during the Persian month of Khordad, which runs from 22 May to 21 June, compared with the same period last year. Bread and grain prices rose nearly 138.8 percent, while red meat and poultry prices increased 178.2 percent. Iran has faced persistent inflationary pressures for years amid international sanctions and economic instability. People and traffic move through central Tehran, 22 June 2026, after the United States temporarily suspended sanctions on Iranian oil following talks in Switzerland (Atta Kenare/AFP)

Oil jumps 3% after US, Iran escalate strikes in Mideast

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and the United Arab Emirates over the weekend. This cycle of attacks casts doubt on an interim U.S.-Iranian agreement. Market analysts suggest the current flare-up represents an escalation within a fragile truce.

Oman's Oil Exports Rise 2.7% by End of May

Oman's Oil Exports Rise 2.7% by End of May

Dangote crashes petrol price to ₦1,075/litre, opens sales to all marketers

The refinery also aligned its coastal loading price at 1,075 per litre and suspended its consortium marketing arrangement, effectively opening petrol loading at its gantry to all qualified marketers. The post Dangote crashes petrol price to 1,075/litre, opens sales to all marketers appeared first on Vanguard News.

The Commodities Feed: The battle of Hormuz lifts oil prices

Further escalation in the Persian Gulf has oil prices moving higher amid renewed concerns over flows through the Strait of Hormuz

ATHEX: Mini sell-off after fresh Gulf tension

The resumption of military action in the Persian Gulf had an immediate impact on markets, with oil rates jumping and bourse indexes slumping.

Dollar drifts with oil; Gulf tensions, Fed minutes in focus

Dollar drifts with oil; Gulf tensions, Fed minutes in focus

Oil prices jump 5 percent after US revokes Iran oil sanctions waiver

Oil prices on Tuesday jumped over 5 percent after the U.S. revoked its waiver on Iranian oil sanctions following strikes on three commercial vessels near the Strait of Hormuz. International Brent crude oil jumped nearly 5.5 percent to more than 75 per barrel as of Tuesday evening. A U.S. official previously told The Hill that the memorandum of []...Click to read more

Oil prices jump 5 percent after U.S. revokes Iran oil sanctions waiver

Oil prices on Tuesday jumped over 5 percent after the U.S. revoked its waiver on Iranian oil sanctions following strikes on three commercial vessels near the Strait of Hormuz. International Brent crude oil jumped nearly 5.5 percent to more than 75 per barrel as of Tuesday evening. A U.S. official previously told The Hill that the memorandum of...

Oil close to pre-war price as Iran oil hits market, ships transit strait

Oil close to pre-war price as Iran oil hits market, ships transit strait

Pakistan hikes petroleum levy on petrol, diesel; keeps retail prices unchanged

The petroleum levy on high-speed diesel has been increased by PKR 6.57 to PKR 79.54 per litre, and the levy on petrol has risen by 39 paisa to PKR 66.64 per litre