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June 2, 2026

Oil Nears $100 Per Barrel as Middle East Tensions Impact Markets

News /

Energy traders monitor regional developments closely Global oil prices climbed toward $100 per barrel as tensions in the Middle East continued influencing market sentiment. Investors remain focused on potential supply disruptions affecting key shipping routes and production facilities. Rising oil prices are expected to affect transportation, manufacturing and inflation across global markets. Source : The […]

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Oman Emerges as Strategic Trade Partner Amid Hormuz Uncertainty

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New trade agreements boost regional logistics opportunities Growing concerns over disruptions in the Strait of Hormuz are increasing Oman’s importance as a logistics and trade hub. New trade initiatives and infrastructure investments are positioning Oman as an alternative gateway for energy and commercial shipments. Regional businesses are exploring expanded partnerships to improve supply-chain resilience. Source

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Dubai Strengthens Position as Global Financial Hub

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Investor confidence continues to drive growth across the emirate Dubai continues attracting global financial firms and investors, reinforcing its status as one of the world’s fastest-growing financial centers. Recent data shows strong growth in business registrations and financial-sector expansion, supported by favorable regulations and international investment flows. The city remains a key gateway connecting Asia,

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UAE Fuel Prices Reach Highest Level in Nearly Four Years

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Petrol prices jump as global oil markets remain volatile The UAE announced a significant increase in fuel prices for June 2026, with petrol reaching Dh3.95 per litre, the highest level in almost four years. The increase reflects rising global oil prices, supply concerns and geopolitical tensions affecting energy markets. Motorists and businesses across Dubai, Abu

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Saudi Aramco Raises June LPG Prices as Energy Demand Remains Strong

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Saudi energy giant increases propane and butane benchmark prices Saudi Aramco has increased its official selling prices (OSPs) for liquefied petroleum gas (LPG) for June 2026. Propane prices rose by $10 per metric ton, while butane prices increased by $20 per ton. These benchmark prices are widely used across Asia-Pacific markets and indicate continued strength

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