Middle East

Industry News

ADNOC Trading Chief Warns August Could Mark Tipping Point for Oil Prices

ADNOC Executive Vice President Philippe Khoury warned that August could represent a critical tipping point for higher crude prices if demand rebounds amid ongoing regional supply disruptions. Addressing an energy conference in London, Khoury noted that shipping flows through the Strait of Hormuz remain constrained below pre-war levels. He added that full restoration of energy supply chains could take up to a year once flows normalize, potentially lasting until mid-2027.

Middle East Travel Alerts

Iran Threatens Regional Airports Over Compliance With US Aviation Sanctions

U.S. diplomatic missions across the Middle East have issued security alerts advising travelers to prepare for possible flight cancellations and periodic airspace closures. The advisories cover ten countries and territories, urging travelers to monitor local developments and check schedules directly with airlines.

China–UAE News

BRICS Summit Emphasises Multipolarity, Local Currencies, and Payment Interoperability

The 18th BRICS Summit in New Delhi brought together 11 member nations, including China and the UAE, under the theme of resilience, innovation, cooperation, and sustainability. Eurasia Review reports that the bloc prioritised local-currency trade settlements and payment interoperability over creating a common currency. The New Development Bank, with 100 billion dollars in authorised capital, was highlighted as the central vehicle for infrastructure and local-currency financing.

Middle East Travel Alerts

UAE Suspends Flights by Iranian Airlines Until Further Notice Following US Sanctions

The UAE General Civil Aviation Authority suspended all flights operated by Iranian carriers to and from UAE airports starting September 24, 2026, until further notice. The measure aligns with expanding United States aviation sanctions against Iranian airlines. International travelers and connecting flights face route modifications and longer travel times to avoid Iranian airspace.