Brent crude lost more than eight percent on Monday, settling at $104.1 a barrel, while US WTI fell to $96.02. The sell‑off follows mediation talks between Iran and Qatar that hinted at reopening the Strait of Hormuz.
Budgets drawn up in December assumed an oil price of around $50 a barrel
DUBAI: Reducing overdependence on oil has long been the rationale of economic policymakers in Saudi Arabia and the rest of the Gulf Cooperation Council (GCC) states,...
Four tankers caught fire after hitting mines near the Strait of Hormuz, while the US prepares additional air defenses in Israel. Trump signals readiness for a strike despite unresolved negotiations with Tehran.
Projections give Democrats control of the House and put them within striking distance of the Senate. Key wins in South Carolina and North Carolina highlight a widening Democratic wave.
Govidan Nair, a 62‑year‑old Indian textile owner living in Dubai, secured a $1 million prize in the Millennium Millionaire Series 562 after 25 years of participation. Another Indian winner took home a Harley‑Davidson in the accompanying draw.
A mid‑morning collision between two private helicopters at Pheriche helipad in Nepal’s Solukhumbu district left one Indian tourist dead and three people injured. Authorities are investigating the accident as the trekking season peaks.
Iran has presented seven core conditions it says must be satisfied before any cease‑fire with the United States can be finalized. Tehran also pledged to lift the Hormuz closure in just 48 hours once its demands are fulfilled.
