The Ruhr Oel petroleum refineries in western Germany. Global oil demand is forecast to decline by 1.1 million bpd this year. AFP

IEA warns of slow Gulf oil recovery even as Hormuz deal nears

Supply to fall by 3.9 million bpd this year before rebounding in 2027, while demand drops for first time since 2020

Energy

UAE aims to cut dependency on Strait of Hormuz to 'zero' with ports expansion

Energy

Why the US-Iran framework keeps sanctions architecture alive

Energy

Syria awards gas deal to ConocoPhillips and Novaterra

Energy

Gulf LNG carriers plan Hormuz departure as US-Iran deal nears

Energy

Oil prices fall below $80 on Middle East peace prospects

Energy

Shipping companies welcome reopening of strait – if safety is guaranteed

Economy
There is no danger of a long-term aluminium shortage, with new smelters cropping up, including the EGA plant in the US. Photo: EGA

CommentThe Iran war has bent the world's metals industry out of shape

From aluminium to sulphur, the conflict has hit the metals most crucial to renewables, electric vehicles and batteries

Energy

Oil prices drop below $90 as US and Iran say peace deal is close

Energy

Abu Dhabi's Masdar finalises deal to acquire Repsol stake for $978m

Energy

Opec cuts oil demand outlook for this year again as Iran war disrupts markets

Energy

Iran war fuels slowest global growth since Covid, World Bank warns

Economy

Abu Dhabi wealth fund L'imad boosts stake in utility Taqa

Energy

Oil prices drop as US energy chief sees traffic increase in Strait of Hormuz

Energy
Shoppers at a market in Jakarta, Indonesia. Developing economies are expected to record slower growth this year at 3.6 per cent, down from 4.4 per cent in 2025. Bloomberg

Iran war fuels slowest global growth since Covid, World Bank warns

Gulf shielded by strong resilience due to diversification of economies, managing director tells The National

Economy

Abu Dhabi wealth fund L'imad boosts stake in utility Taqa

Energy

Oil prices drop as US energy chief sees traffic increase in Strait of Hormuz

Energy

Kuwait's 'stubborn' geography forces a new playbook for its energy sector

Energy

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