Energy

The market's focus remained firmly on the Middle East, where fresh security concerns threatened key export routes.

Iraq is expanding energy exports through Syria while exploring Basra crude shipments to Baniyas and a future pipeline linking both countries.  

The UAE is expanding ports, pipelines, railways and trade corridors to ensure its energy exports and economic activity are not disrupted by the Iran war.

US gas prices hit record highs for Labor Day as the Iran war disrupts oil flows through the Strait of Hormuz and diesel costs surge.

In August, OPEC+ agreed its production boost for September, completing a phased rollback of a 1.65 million-barrel-per-day supply cut first agreed in 2023

Israeli investors face potential penalties as Argentine President Javier Milei targets companies involved in oil and gas projects in the Falkland Islands.

Venezuela has agreed an oil deal with the US giving Washington unprecedented access to its oil reserves, casting doubt over its continued membership of OPEC

Libya’s power cuts and fuel shortages worsen as corruption, poor governance and political division deepen a crisis in the oil-rich nation.

Analysts have pointed to Trump’s attempts to smuggle 10 million barrels of oil per day out of Hormuz as a ‘short-term workaround’

Iran's strikes on the Gulf have seen the UAE, Kuwait and Bahrain bear the brunt of its attacks, which have ebbed and flowed with each round of clashes.