The Wall Street Journal reported on Thursday that Aramco was in talks with at least two Ukrainian companies to buy interceptor drones

The International Energy Agency agreed to release a record 400 million barrels of oil to help rein in prices that have spiked due to supply shocks

The International Energy Agency is considering the largest release of emergency oil reserves in its history as markets reel from supply disruptions linked to the war with Iran.

Oil markets are reassessing the geopolitical risk premium after Brent surged to nearly $120 before falling, writes Sasha Foss, Energy Analyst at CSC Commodities, a division of Marex

Global financial markets have been rattled by the conflict, with both the emerging market equities and currency indexes falling to three-week lows

The US and Iran held indirect talks in Geneva on Thursday after President Donald Trump ordered a military build-up in the region

The surge in oil shipping costs follows increased crude exports from the Middle East as traders have accelerated charters

The potential deal comes as aircraft demand surges, with Boeing and Airbus unable to produce enough jets to keep pace with airline demand

Geopolitical tensions are forcing oil prices to rise, with brent crude reaching $71.66 a barrel

As Primark readies its UAE debut, the value fashion retailer has confirmed further GCC expansion plans with new stores lined up in Qatar and Bahrain