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Oil swings as Middle East tensions flare up with UAE-Iran spat

Summary by Financial Post
Oil fluctuated as traders weighed renewed tensions in the Middle East that further clouded the outlook the Strait of Hormuz.

5 Articles

Oil prices are rising on world markets today, hovering around three-week highs. Traders are reacting to news that the United Arab Emirates has decided to suspend all financial and economic transactions with Iran. This has raised concerns among investors about a possible escalation of tensions in the Middle East, as...

·Bratislava, Slovakia
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Oil rose by about 1 per cent on Wednesday and stopped for about three weeks, due to investors' concern over the escalation of tension in the Middle East following the decision of the United Arab Emirates to suspend all financial and economic transactions with Iran.

·Mexico City, Mexico
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Military and economic actions scale tensions in the Middle East, with international condemnation and threats from Trump to Oman

·São Paulo, Brazil
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CNN Brasil broke the news in São Paulo, Brazil on Wednesday, August 19, 2026.
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