When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the ...
Mecca, holiest site of Islam, became a target in ongoing geopolitical struggle between Iran and the Houthis, and Saudi Arabia ...
Gulf economies will rebound 5.8 per cent in 2027 after shrinking by 6.4 per cent this year due to higher oil prices driven by renewed escalations in Saudi Arabia and the wider region, the ICAEW and ...