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According to Iran's Mehr News Agency, long queues formed at gas stations in the UAE as vehicles rushed to fill up before the price hike, due to a 16% increase in gasoline prices. The fuel price increase is attributed to the closure of the Strait of H

2026-10-03

According to Iran's Mehr News Agency, long queues formed at gas stations in the UAE as vehicles rushed to fill up before the price hike, due to a 16% increase in gasoline prices. The fuel price increase is attributed to the closure of the Strait of Hormuz, rising global oil prices, and disruptions to energy supply and transportation.

Other News
2026-10-03

According to Axios: Trump's senior cabinet members gathered at Camp David for hours on Friday to discuss the war with Iran and the next steps in the Saudi-Houthi conflict.

According to Axios: Trump's senior cabinet members gathered at Camp David for hours on Friday to discuss the war with Iran and the next steps in the Saudi-Houthi conflict.
2026-10-03

CME Group has suspended the planned launch of a 10‑barrel crude oil futures contract meant for 24/7 trading. CEO Terry Duffy said the contract was intended as a U.S.-regulated alternative to existing around‑the‑clock crude products, but after industr

CME Group has suspended the planned launch of a 10‑barrel crude oil futures contract meant for 24/7 trading. CEO Terry Duffy said the contract was intended as a U.S.-regulated alternative to existing around‑the‑clock crude products, but after industry outreach some key participants warned that introducing 24/7 energy futures without further evaluation could cause unintended consequences and raise market risk, so CME withdrew its application. CME also urged the CFTC to address regulatory disparities across trading venues to ensure derivatives comply with the Commodity Exchange Act.
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