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United Arab Emirates

Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. REUTERS/Pavel Mikheyev/File Photo
May 5, 2026

Global oil slips but Middle East fighting gives floor to drop

Global oil prices slipped after the U.S. launched an operation to reopen the Strait of Hormuz amid ongoing U.S.-Iran exchanges of fire in the Gulf.

A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
May 4, 2026

Oil prices jump 5% as Iran attacks UAE, vessels in Strait of Hormuz

Oil prices jumped about 5% as Iran attacked UAE ports and vessels near the Strait of Hormuz, raising concerns over global oil supply routes.

An oil pumpjack is pictured in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol
Apr 30, 2026

Oil retreats after hitting four-year high on concern of US-Iran war escalation

Oil prices surged to a four-year high amid fears of a prolonged US-iran conflict disrupting middle east supply, then retreated amid market volatility.

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov/File Photo
Apr 29, 2026

Russia to remain in OPEC+, hopes UAE exit does not spell end of group

Russia plans to remain in OPEC+ despite the UAE's decision to leave, aiming to stabilize global energy markets amid current turmoil.

Specialist Glenn Carell, left, and trader Robert Charmak work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Apr 28, 2026

Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks

Oil prices rose amid the Iran conflict stalemate and the UAE quitting OPEC, while AI concerns weighed on U.S. and global stock markets.

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. REUTERS/Benoit Tessier/File Photo
Mar 17, 2026

Oil prices rise nearly 2% after renewed Iranian attacks on UAE

Oil prices rose nearly 2% following renewed Iranian attacks on UAE oil facilities, raising concerns about global supply disruptions amid the ongoing Iran conflict.

Microsoft to ship 60K Nvidia AI chips to UAE
Nov 3, 2025

Microsoft to ship 60K Nvidia AI chips to UAE

Microsoft won U.S. approval to send over 60,000 Nvidia GB300 AI chips to the UAE under strict safeguards despite Trump’s export remarks.

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