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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.