Saudi Arabia is sending about 60 million barrels of crude through the Strait of Hormuz to Oman’s Sohar port this month and next, Reuters reported.
For decades, the biggest geopolitical risk hanging over the oil market has been the Strait of Hormuz. Before the conflict in Iran began in late February, roughly one-fifth of the world’s petroleum liq
At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship transfers outside the Strait offshore Oman, tanker-tracki
Turkey revokes licence of Iran's Bank Mellat as US sanctions intensify Turkey has revoked the operating licence of Iran’s Bank Mellat, which remains on the US Treasury’s sanctions list, as Washington
The Bank of Japan raised its benchmark interest rate and signaled it’s open to further tightening, but ultimately disappointed yen traders who wanted clearer guidance on the central bank’s next move.
Saudi Aramco shifts crude exports to the Persian Gulf, easing supply fears and pushing Brent below $105. Friday, September 18, 2026 Last week’s market panic about the 7 million b/d East-West pipeline
Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
Dubai residential transactions hit AED 42B in April — monthly record. Saudi giga-project awards reached $18B Q1.
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
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