Latest News: Oil prices surge past $100 a barrel amid escalating US-Iran conflict in the GulfGCC Secretary-General strongly condemns Houthi attack on Saudi vessel EnceliaUAE and regional partners condemn Israeli escalations at Al Aqsa MosqueUAE deepens climate and infrastructure cooperation with VanuatuUS warns against Iranian demands to collect transit tolls in Strait of HormuzUAE and GCC strongly condemn Houthi threats of maritime blockade on Saudi ArabiaUS expected to announce landmark civilian nuclear agreement with Saudi ArabiaKuwait and Jordan maintain low inflation rates in June despite regional pressuresUAE targets five to seven new CEPA trade agreements by end of 2026Qatar stands with Saudi Arabia in condemning Houthi maritime blockade threatsADNOC secures $6.2 billion investment for Umm Shaif offshore gas expansionUAE delivers 980 tonnes of relief aid to Gaza under Operation Chivalrous Knight 3GCC and EU issue joint condemnation of maritime attacks in GulfSpain claims second FIFA World Cup title with 1-0 win over ArgentinaSaudi Arabia launches 365-day multiple-entry Umrah visaOil prices surge past $90 as Strait of Hormuz conflict escalatesBahrain activates emergency sirens as UAE condemns renewed aerial attacksAbu Dhabi Police issue strict new safety guidelines for e-bike ridersKuwait Airways reschedules commercial flights amid temporary airport suspensionUAE Public Prosecution expands probe into retracted report of Dubai explosionsUAE leaders mark Union Pledge Day to celebrate nation’s historic foundationSaudi Arabia and UAE brace for extreme heat as ‘Jamrat Al Qaydh’ beginsIndian consulate in Dubai announces three-day closure for maintenanceUAE strongly condemns hostile aerial attacks on regional alliesGlobal energy prices surge as conflict halts Strait of Hormuz shippingKuwait cabinet approves restructuring of Kuwait AirwaysQatar’s Amir receives international condolences following passing of Father AmirEASA issues updated airspace advisory for Gulf countriesGulf states strongly condemn hostile aerial attacks targeting regionDu restores mobile calling services across UAE following morning outageSaudi Arabia warns expats of SR 50,000 fine and deportation for visa overstaysUAE Vice President offers condolences to Qatar’s Amir at Lusail PalaceOman summons Iranian ambassador to protest drone strikes on national territoryDubai Islamic Bank reports $1.01 billion net profit for the first half of 2026Delhi High Court quashes tender for new Indian consular application centres in UAECanada and UK issue travel warnings as Abha airport flight cancellations enter second dayUAE leaders congratulate the President of France on National DayQatar strongly condemns Houthi missile attack targeting southern Saudi ArabiaUAE strongly condemns ongoing attacks on Kuwait’s consulate in BasraKuwait braces for extreme summer conditions as temperatures forecast to hit 51°CIndia summons Iranian diplomat after Indian sailor killed in Strait of Hormuz tanker strikeUAE condemns renewed Iranian hostile attacks targeting Jordan and BahrainGCC Secretary General denounces Houthi ballistic missile strikes on southern Saudi ArabiaKuwait introduces sweeping cooperative sector reforms to enhance governance and transparencyKuwait strongly condemns Iranian attack on Emirati oil tankers in the Strait of HormuzQatar’s Amir receives global leaders offering condolences on the passing of Father AmirCommercial tanker struck by missile off the coast of Oman as regional tensions peakHouthi forces fire missiles at Abha airport, breaking four-year truce with Saudi ArabiaUAE strongly condemns Iranian attacks on national oil tankers in the Strait of HormuzDubai Vartha recognized by Dubai Press Club for crucial and comprehensive news coverageDubai Press Club launches the third edition of the Arab Podcast Program to empower regional audio creators.Fire breaks out at ammunition storage facility in Zayed Military CityOman reports and condemns aerial drone activity near the strategic Musandam ExclaveUAE declares full solidarity with Kuwait following hostile cross-border drone attacksQatar observes 4-day public mourning following the passing of Father AmirBahrain air defenses intercept multiple aerial attacks; nationwide sirens activatedKuwait activates air defenses against hostile aerial threats amid regional strikesBahrain Defence Force successfully neutralizes multiple aerial assaults over civilian areasQatar denounces regional attacks and dangerous maritime targeting in Strait of HormuzOman Investment Authority and Jordan partner to launch one hundred million dollar joint ventureKuwait air defense forces successfully intercept multiple hostile ballistic missiles and dronesPIF-backed SEVEN announces August launch of first major entertainment destination in AbhaUAE strongly condemns renewed Iranian missile and drone attacks on Bahrain and KuwaitBahrain reassures citizens and expatriates of internal stability amidst regional developmentsKuwait Ministry of Interior resolves missing expatriate case following desert recoveryOman Social Protection Fund mandates sick leave insurance for all expatriate workersSaudi Arabia extends deadline to rectify expired expatriate work permits until the end of 2026UAE ICP announces 30-day grace period for expatriates to rectify overstay violationsIndian Embassy in Kuwait limits routine consular services until July 9Kuwait authorities arrest expat-led gang for massive oil cable theft worth 420,000 dinarsSaudi Arabia introduces integrated Package Visa for streamlined travelIndian Consulate in Dubai ends walk-in services for passport and visa applicationsUAE reminds employers that salary and job title changes require written employee consentIndian Passport Services in UAE: Missions Launch New Appointment Booking PortalDiplomatic uncertainty clouds Doha technical talks as Iran explicitly rejects direct high-level meeting with US envoysSaudi Arabia officially enforces mandatory thirty percent Saudization rule across forty-six engineering professionsNew outsourced agency takes over Indian passport and visa operations in UAE alongside updated fee structureLandmark UAE-Ukraine comprehensive economic partnership agreement takes effect with major tariff cutsSaudi General Directorate of Passports issues urgent passport validity rules for summer travelersKuwait Ministry of Health orders immediate closure of seven private medical and cosmetic facilitiesOmani Foreign Minister emphasizes core responsibility for Strait of Hormuz safety rests with IranUAE Fuel Price Committee announces notable price drop for all petrol variants entering JulyFirst passenger train from Fujairah arrives at Abu Dhabi station in historic transit milestoneSaudi Foreign Minister arrives in China to discuss regional security and international cooperationUS and Iran delegations head to Qatar for potential talks amid contradicting statements on direct meetingsSaudi Arabia extends tax penalty waiver scheme for an additional six months until the end of 2026UAE sets June 30 deadline for private sector Emiratisation targets, warns of steep fines starting July 1Dubai introduces flexible summer working hours for government employeesGCC condemns Israeli military incursions and shelling in southern SyriaUAE implements stricter Wage Protection System enforcement framework for private sectorSaudi Arabian Football Federation president resigns following early World Cup exitSharjah announces extensive two-month traffic diversions for infrastructure upgrades in key industrial areasUpcoming US-Iran technical peace talks thrown into uncertainty following renewed weekend attacks in the GulfUAE expresses solidarity and condolences to Qatar after civilian casualty from maritime military operationsFourteen Saudi nationals killed in fatal Saudi Aramco helicopter crash at Ras Tanura oil hubKuwait Bourse closes lower as benchmark index drops amid regional market cautionQatar shuts down 17 travel and air cargo agencies in major licensing compliance crackdownIran warns international shipping against using Oman’s new Strait of Hormuz southern corridorSaudi Arabia and Iran foreign ministers discuss bilateral ties and regional stabilityUAE expresses deep solidarity with Venezuela following devastating 7.2 magnitude earthquakes
Fri. Jul 24th, 2026
Latest News: Oil prices surge past $100 a barrel amid escalating US-Iran conflict in the GulfGCC Secretary-General strongly condemns Houthi attack on Saudi vessel EnceliaUAE and regional partners condemn Israeli escalations at Al Aqsa MosqueUAE deepens climate and infrastructure cooperation with VanuatuUS warns against Iranian demands to collect transit tolls in Strait of HormuzUAE and GCC strongly condemn Houthi threats of maritime blockade on Saudi ArabiaUS expected to announce landmark civilian nuclear agreement with Saudi ArabiaKuwait and Jordan maintain low inflation rates in June despite regional pressuresUAE targets five to seven new CEPA trade agreements by end of 2026Qatar stands with Saudi Arabia in condemning Houthi maritime blockade threatsADNOC secures $6.2 billion investment for Umm Shaif offshore gas expansionUAE delivers 980 tonnes of relief aid to Gaza under Operation Chivalrous Knight 3GCC and EU issue joint condemnation of maritime attacks in GulfSpain claims second FIFA World Cup title with 1-0 win over ArgentinaSaudi Arabia launches 365-day multiple-entry Umrah visaOil prices surge past $90 as Strait of Hormuz conflict escalatesBahrain activates emergency sirens as UAE condemns renewed aerial attacksAbu Dhabi Police issue strict new safety guidelines for e-bike ridersKuwait Airways reschedules commercial flights amid temporary airport suspensionUAE Public Prosecution expands probe into retracted report of Dubai explosionsUAE leaders mark Union Pledge Day to celebrate nation’s historic foundationSaudi Arabia and UAE brace for extreme heat as ‘Jamrat Al Qaydh’ beginsIndian consulate in Dubai announces three-day closure for maintenanceUAE strongly condemns hostile aerial attacks on regional alliesGlobal energy prices surge as conflict halts Strait of Hormuz shippingKuwait cabinet approves restructuring of Kuwait AirwaysQatar’s Amir receives international condolences following passing of Father AmirEASA issues updated airspace advisory for Gulf countriesGulf states strongly condemn hostile aerial attacks targeting regionDu restores mobile calling services across UAE following morning outageSaudi Arabia warns expats of SR 50,000 fine and deportation for visa overstaysUAE Vice President offers condolences to Qatar’s Amir at Lusail PalaceOman summons Iranian ambassador to protest drone strikes on national territoryDubai Islamic Bank reports $1.01 billion net profit for the first half of 2026Delhi High Court quashes tender for new Indian consular application centres in UAECanada and UK issue travel warnings as Abha airport flight cancellations enter second dayUAE leaders congratulate the President of France on National DayQatar strongly condemns Houthi missile attack targeting southern Saudi ArabiaUAE strongly condemns ongoing attacks on Kuwait’s consulate in BasraKuwait braces for extreme summer conditions as temperatures forecast to hit 51°CIndia summons Iranian diplomat after Indian sailor killed in Strait of Hormuz tanker strikeUAE condemns renewed Iranian hostile attacks targeting Jordan and BahrainGCC Secretary General denounces Houthi ballistic missile strikes on southern Saudi ArabiaKuwait introduces sweeping cooperative sector reforms to enhance governance and transparencyKuwait strongly condemns Iranian attack on Emirati oil tankers in the Strait of HormuzQatar’s Amir receives global leaders offering condolences on the passing of Father AmirCommercial tanker struck by missile off the coast of Oman as regional tensions peakHouthi forces fire missiles at Abha airport, breaking four-year truce with Saudi ArabiaUAE strongly condemns Iranian attacks on national oil tankers in the Strait of HormuzDubai Vartha recognized by Dubai Press Club for crucial and comprehensive news coverageDubai Press Club launches the third edition of the Arab Podcast Program to empower regional audio creators.Fire breaks out at ammunition storage facility in Zayed Military CityOman reports and condemns aerial drone activity near the strategic Musandam ExclaveUAE declares full solidarity with Kuwait following hostile cross-border drone attacksQatar observes 4-day public mourning following the passing of Father AmirBahrain air defenses intercept multiple aerial attacks; nationwide sirens activatedKuwait activates air defenses against hostile aerial threats amid regional strikesBahrain Defence Force successfully neutralizes multiple aerial assaults over civilian areasQatar denounces regional attacks and dangerous maritime targeting in Strait of HormuzOman Investment Authority and Jordan partner to launch one hundred million dollar joint ventureKuwait air defense forces successfully intercept multiple hostile ballistic missiles and dronesPIF-backed SEVEN announces August launch of first major entertainment destination in AbhaUAE strongly condemns renewed Iranian missile and drone attacks on Bahrain and KuwaitBahrain reassures citizens and expatriates of internal stability amidst regional developmentsKuwait Ministry of Interior resolves missing expatriate case following desert recoveryOman Social Protection Fund mandates sick leave insurance for all expatriate workersSaudi Arabia extends deadline to rectify expired expatriate work permits until the end of 2026UAE ICP announces 30-day grace period for expatriates to rectify overstay violationsIndian Embassy in Kuwait limits routine consular services until July 9Kuwait authorities arrest expat-led gang for massive oil cable theft worth 420,000 dinarsSaudi Arabia introduces integrated Package Visa for streamlined travelIndian Consulate in Dubai ends walk-in services for passport and visa applicationsUAE reminds employers that salary and job title changes require written employee consentIndian Passport Services in UAE: Missions Launch New Appointment Booking PortalDiplomatic uncertainty clouds Doha technical talks as Iran explicitly rejects direct high-level meeting with US envoysSaudi Arabia officially enforces mandatory thirty percent Saudization rule across forty-six engineering professionsNew outsourced agency takes over Indian passport and visa operations in UAE alongside updated fee structureLandmark UAE-Ukraine comprehensive economic partnership agreement takes effect with major tariff cutsSaudi General Directorate of Passports issues urgent passport validity rules for summer travelersKuwait Ministry of Health orders immediate closure of seven private medical and cosmetic facilitiesOmani Foreign Minister emphasizes core responsibility for Strait of Hormuz safety rests with IranUAE Fuel Price Committee announces notable price drop for all petrol variants entering JulyFirst passenger train from Fujairah arrives at Abu Dhabi station in historic transit milestoneSaudi Foreign Minister arrives in China to discuss regional security and international cooperationUS and Iran delegations head to Qatar for potential talks amid contradicting statements on direct meetingsSaudi Arabia extends tax penalty waiver scheme for an additional six months until the end of 2026UAE sets June 30 deadline for private sector Emiratisation targets, warns of steep fines starting July 1Dubai introduces flexible summer working hours for government employeesGCC condemns Israeli military incursions and shelling in southern SyriaUAE implements stricter Wage Protection System enforcement framework for private sectorSaudi Arabian Football Federation president resigns following early World Cup exitSharjah announces extensive two-month traffic diversions for infrastructure upgrades in key industrial areasUpcoming US-Iran technical peace talks thrown into uncertainty following renewed weekend attacks in the GulfUAE expresses solidarity and condolences to Qatar after civilian casualty from maritime military operationsFourteen Saudi nationals killed in fatal Saudi Aramco helicopter crash at Ras Tanura oil hubKuwait Bourse closes lower as benchmark index drops amid regional market cautionQatar shuts down 17 travel and air cargo agencies in major licensing compliance crackdownIran warns international shipping against using Oman’s new Strait of Hormuz southern corridorSaudi Arabia and Iran foreign ministers discuss bilateral ties and regional stabilityUAE expresses deep solidarity with Venezuela following devastating 7.2 magnitude earthquakes
Fri. Jul 24th, 2026

Oil prices surge past $100 a barrel amid escalating US-Iran conflict in the Gulf

Global oil markets experienced a significant shock today as Brent crude prices surged past $100 a barrel for the first time since late May. The price spike is directly linked to the intensifying US-Iran military conflict and a recent Houthi naval blockade targeting Saudi shipments in the Red Sea and Bab el-Mandeb Strait.

The US military has launched a 13th consecutive night of airstrikes against Iranian military targets. Meanwhile, commercial shipping companies are facing sharply higher insurance premiums, though vital waterways like the Strait of Hormuz remain tentatively operational under heightened naval protection. The UAE has maintained high vigilance while continuing normal domestic and aviation operations.

    • Staff Writer (Aw)

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