Middle East crude exports through the Strait of Hormuz climbed to 14.2 million barrels per day in late September, recovering to nearly 80% of pre-war levels, according to Kpler data cited by Reuters. Despite easing crude availability, Brent prices remain above $100 per barrel due to logistical bottlenecks, including record tanker rates and soaring insurance costs.
UAE equity markets diverged on Monday, with Dubai slipping fractionally while Abu Dhabi posted modest gains. The DFM General Index eased 0.04% to close at 5,898.86, while the FTSE ADX General Index rose 0.35% to 10,008.39. Both bourses traded within narrow bands as market participants adopted a cautious tone.
The UAE Ministry of Energy and Infrastructure has outlined how global maritime shipping regulations are created through the International Maritime Organization. The UN agency sets worldwide benchmarks for vessel safety, maritime security, and pollution prevention across commercial fleets. The ministry clarified that the organization does not operate as a maritime police force or control individual transit routes such as the Strait of Hormuz.
UAE leadership has dispatched congratulatory messages to Chinese President Xi Jinping on the occasion of China's National Day. Similar greetings were also sent to Chinese Premier Li Qiang by UAE vice presidents. The communications reflect ongoing diplomatic relations between the UAE and China.
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