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Energy
UAE motorists may see fuel price relief slow after Brent crude jumped above 85 dollars a barrel following reported Iranian strikes on two UAE tankers in the Strait of Hormuz. Whether pump prices keep falling now depends on where oil settles over the coming weeks, not on a single day's spike.
Energy
Oil is getting cheaper at the source, but the savings are taking a while to reach your petrol station. With the Strait of Hormuz gradually reopening, analysts say UAE consumers could wait four to eight weeks before they feel any real difference at the pump.
Energy
Global oil prices fell sharply on June 15, 2026, as news of progress in US-Iran talks raised hopes that the Strait of Hormuz could reopen fully. Both WTI and Brent crude dropped more than three percent, easing months of supply worries for energy markets.
Economy
UAE fuel prices have climbed nearly 50% since February 2026, but the latest drop in Brent crude below $100 per barrel and progress in US-Iran diplomatic talks are raising hopes of relief at the pump. The official June 2026 price announcement is expected on May 31.
Energy
Brent crude fell more than 4.5% to $98.83 a barrel in early Monday trading as peace hopes in the Middle East triggered a wave of profit-taking. UAE's Murban crude held above $102, signalling that not all Gulf supply is equal right now.