Ali Al ShoukFriday May 22, 2026 Livestock costs are on the rise at Dubai's Al Qusais market ahead of Eid Al Adha. Chris Whiteoak / The National Dubai’s livestock traders are heading into Eid Al Adha with brisk business — and sharply higher prices — as families prepare for the holiday’s traditional sacrificial feast amid heavy demand and disruption linked to the Iran war. Vendors in Al Qusais said animal prices have climbed by as much as 40 per cent before the festival, a jump they attribute largely to higher shipping costs…

Disney’s biggest money-maker is not the film studio, the streaming wars or even ESPN. The real engine of the company is something far more tangible: the vacations, theme parks and travel experiences that turn brand loyalty into some of the group’s richest profits. When Disney’s performance comes up, attention usually lands on movie releases. Did the latest animated feature or blockbuster deliver at the box office, or did production costs outrun ticket sales? Others zero in on Disney Plus, watching subscriber numbers and…

Oil prices pulled back on Tuesday as traders weighed signs that shipping could resume through the Strait of Hormuz, even as fresh clashes between the United States and Iran kept a floor under the market and underscored the risk of wider disruption. Brent crude futures were down $4.18, or 3.6%, at $110.26 a barrel this evening, after closing 5.8% higher yesterday. US West Texas Intermediate crude dropped $4.34, or 4.1%, to $102.08, following a 4.4% rise in the previous session. Maersk said the Alliance Fairfax, a US-flagged…

Oil prices pulled back after a dramatic surge to a four-year peak above $126 a barrel today, as traders weighed the risk that the US-Iran war could intensify into a longer conflict and choke Middle East supplies in a way that would threaten global economic growth. The rally gathered pace earlier after Axios, citing unidentified sources, reported overnight that US President Donald Trump was due to be briefed today on plans for a series of military strikes on Iran, an effort aimed at pressuring Tehran back into talks over its…

By  STAN CHOEWednesday April 22, 2026 Wall Street and oil markets lurched back and forth Tuesday as investors tried to gauge what comes next after the ceasefire in the war with Iran, which was due to expire Wednesday. The S&P 500 surrendered an early gain and finished 0.6% lower after U.S. Vice President JD Vance canceled a planned trip to Pakistan, where he had been expected to lead American negotiators in talks with Iran aimed at extending the truce. The Dow Jones Industrial Average fell 293 points, or 0.6%, after at…

Osmond ChiaBusiness reporterThursday April 9, 2026 Oil prices climbed in Asian trading on Thursday as markets tracked the increasingly shaky US-Iran ceasefire and what it could mean for shipments through the Strait of Hormuz. The two-week truce, already described as conditional, came under fresh pressure after Israel carried out a series of deadly strikes in Lebanon, drawing a warning from Tehran of a "regret‑inducing response" if the attacks go on. Oil prices plunged on Wednesday after the announcement of the agreement…

DAR ES SALAAM, Tanzania — President Samia Suluhu Hassan has moved to sharply reduce the size of her presidential motorcade and ordered government officials to share bus transport, a public austerity step aimed at cutting fuel use as Tanzania feels the strain of a global energy crisis. At a swearing-in ceremony at State House on Wednesday, Hassan said her usual convoy of more than 30 vehicles would be trimmed to four: her lead car, a police escort and a backup security unit. "From now on, wherever I go, all officials will…

Saturday April 4, 2026 Fuel shortages and soaring prices have turned a familiar Mogadishu street scene into a snapshot of economic strain: three-wheelers sitting idle by the roadside, drivers stranded, and livelihoods slipping out of reach. On April 2, 2026, a staff member refueled a three-wheeler at a petrol station in Somalia’s capital as the ripple effects of war in the Middle East continued to push fuel costs sharply higher across the country.(Photo by Hassan Bashi/Xinhua) Abdulkadir Sharif eased his tuk-tuk to the side…

Thursday April 2, 2026 Oil markets jolted sharply higher on Thursday, with prices surging more than $5 after President Donald Trump said the United States would keep striking Iran, while stopping short of giving any clear deadline for how the war might end. The lack of a firm end point deepened investor concern that disruptions to energy supplies could stretch on. Brent crude futures LCOc1 climbed $6.33, or 6.3 percent, to $107.49 a barrel in early trading, while US West Texas Intermediate crude CLc1 rose $5.28, or 5.3…

Thursday March 26, 2026 Hargeisa (AX) — Drivers and businesses across North Western State of Somalia are facing fresh fuel price hikes after authorities on Wednesday rolled out new official pump rates, pointing to surging global oil prices and tighter supply conditions. The revised pricing sets gasoline at 12,500 North Western State of Somalia shillings per liter, while diesel will sell for 10,500 North Western State of Somalia shillings per liter. Officials said the new rates were agreed after consultations involving the…