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Iran-US Conflict: Gulf Oil Soars Above World, US prices — UAE Fuel to Get Costlier

Iran-US Conflict: Gulf Oil Soars Above World, US prices — UAE Fuel to Get Costlier?

Rising tensions between Iran and the United States are starting to impact global energy markets. Oil prices across the Gulf region have increased sharply, moving above both global benchmark prices and U.S. crude prices. One of the biggest movers is Murban crude, the main crude oil exported by the UAE. Because Murban is widely used […]

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Strait of Hormuz: Current Status & Statistics

Oil markets reacted sharply on March 2, with prices surging up to 13% after retaliatory Iranian strikes disrupted tanker movement in the Strait of Hormuz, following military action by the United States and Israel on Iranian targets. Brent crude climbed to $82.37 per barrel, its highest level since January 2025, before stabilizing near $78.60. Meanwhile,

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Aramco Ras Tanura Attack: Market Impact

State-owned Saudi Aramco has temporarily shut its 550,000 b/d Ras Tanura Refinery after debris from intercepted Iranian drones caused limited damage early Monday. According to the Saudi Press Agency, domestic petroleum supply remains unaffected, and the shutdown was a precautionary measure. No injuries were reported. As Saudi Arabia’s largest refinery, Ras Tanura accounts for around

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Will UAE Petrol Prices Rise in March as Oil Gains Due to US-Iran Tensions

Petrol prices in the UAE could go up in March 2026 after global oil prices jumped in February. The rise comes amid ongoing tensions between the US and Iran. In February, oil prices climbed due to fears of a possible US-Iran conflict, with Brent crude crossing $71 per barrel. Analysts warn that if tensions escalate

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UAE Leads Middle East Growth Despite Oil And Geopolitical Headwinds

The UAE is expected to remain one of the Middle East’s strongest economies in 2026, even with lower oil prices and regional uncertainties. Non-oil sectors, like private businesses in Dubai, infrastructure projects in Abu Dhabi, and tourism in the northern emirates, are driving most of this growth. A recent S&P Global report shows the UAE’s

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UAE Petrol, Diesel Prices for February 2026 Announced

The UAE announced the fuel prices for February 2026 on Saturday, January 31. Compared to January, petrol prices have slightly dipped across all variants. The new rates, effective from February 1, 2026, are: The UAE has been linking fuel prices to international rates since petrol price deregulation in 2015, ensuring prices reflect global market trends.

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UAE Petrol, Diesel Prices for February 2026: Will Fuel Cost Fall at the Pump?

Dubai: Fuel prices in the UAE for February 2026 are expected to be announced soon. After petrol and diesel rates dropped in January, global crude oil prices have started to trend upward again toward the end of the month. This rebound in oil markets could directly impact fuel costs at the pump for motorists. Current

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Will UAE Petrol Prices Rise After Venezuela Crisis? What Drivers Should Expect Next

Oil markets steady as analysts say excess supply, not politics, is driving prices Dubai: UAE drivers are unlikely to face an immediate increase in petrol or diesel prices despite ongoing political unrest in Venezuela. Analysts say global oil markets remain well supplied, which is helping absorb geopolitical shocks and keeping fuel prices stable. Vijay Valecha,

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