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Oil price

Latest news and analysis on the impact of the price of Brent and West Texas Intermediate

Thousands of people visited Adipec, which came to an end on Thursday. Victor Besa / The National

Energy security, AI and supply deals take centre stage as Adipec wraps up

BusinessNovember 05, 2026
Iran's celebration after the US midterm elections comes with a warning that any renewed American military action could ignite a wider regional war. EPA

Iran seizes on Trump midterms blow but warns of wider conflict

GulfNovember 05, 2026
The cost of war for Iran is mounting, with official figures showing GDP down more than 10 per cent year-on-year in the latest quarter. Reuters

War weighed on US midterms, but Iran's economy is paying heavier price

GulfNovember 04, 2026
Iranian state media said there were several explosions on Qeshm Island, at the mouth of the Strait of Hormuz. Reuters

Oil prices fluctuate after US strikes on Iran’s Qeshm Island

EnergyNovember 03, 2026
A mural shows a missile in front of US President Donald Trump, in Tehran's Tajrish Square on Monday. AFP

Trump's Iran dilemma as Americans vote: escalate, negotiate or risk wider war

GulfNovember 03, 2026
US President Donald Trump says America will soon end the war with Iran, 'one way or the other'. Reuters

Oil prices slide more than 3% as Trump signals more time for Iran diplomacy

EnergyNovember 02, 2026
A mural in Tehran depicts Iran's late supreme leader Ayatollah Ali Khamenei. EPA

Iran weighs Vance letter amid renewed Doha peace push

GulfNovember 01, 2026
Minister of Economy Roland Lescure said diesel prices in France could fall as soon as next week. AFP

Europe set to release 42 million barrels of oil for 'short-term relief'

EuropeOctober 29, 2026
Oil remains at multi-month highs as tension continues in the Middle East. Reuters

Oil prices decline after diplomatic push in Iran war

EnergyOctober 29, 2026
Second-hand clothes are sold at a market in Basra. Iraq's central bank devalued the dinar this month, as the country faces a deepening crisis driven by the Iran war. AFP

Iraq's biggest ever budget for 2027 built for boom times amid economic bust

EconomyOctober 26, 2026
A petrol price increase in the UAE in November would be the fourth consecutive monthly rise. Getty Images

UAE petrol prices expected to rise again in November

EnergyOctober 23, 2026
Iranian Foreign Minister Abbas Araghchi says indirect talks with the US are continuing through mediators Pakistan and Qatar. AFP

Iran clings to demands even as threat of renewed US-Israel attacks grows

GulfOctober 21, 2026
Pakistan's Field Marshal ​Asim Munir arrives for talks in Tehran. @PakistanFauj / X

No US peace talks without sanctions removal, Iran tells Pakistan

GulfOctober 20, 2026
A Houthi rebel in Yemen. Concern about the global economy is growing as the regional war persists. EPA

Oil prices hit five-month high as more Houthi attacks prompt supply fears

EnergyOctober 20, 2026
Ryanair chief executive Michael O'Leary says the airline is 85 per cent unhedged against higher oil prices next year. EPA

Europe to see 'biggest-ever' increase in air fares next year, Ryanair chief says

AviationOctober 20, 2026
A Houthi fighter takes part in an offensive against Saudi-backed Yemeni forces in Jawf province. Photo: Reuters

Yemen fighting threatens to widen after Houthi attack on training camp

MENAOctober 19, 2026
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