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Industry News
Source: CBS News

Oil Prices Rise Above $105 as U.S.-Iran Tensions Threaten Shipping Routes

Brent crude climbed back over $105 a barrel amid warnings of expanding conflict between the United States and Iran. Maritime risks mounted following a fatal commercial ship strike in the Strait of Hormuz and threats to Red Sea energy routes. Diplomatic discussions during the United Nations General Assembly have produced little sign of a peace deal.

Middle East Travel Alerts
Source: TRT World

UAE Suspends All Iranian Airline Flights Following US Aviation Sanctions

The UAE will resolve visa complexities and resume issuing all visa types, including tourist visas, for Bangladeshi nationals between January and mid-February 2025, according to UAE Ambassador Abdullah Al Hamoudi. The announcement was made during a reception in Dubai welcoming Bangladesh's new ambassador, Mushfiqul Fazal Ansarey. The report notes that over 1.2 million Bangladeshi nationals currently reside in the UAE.

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