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Oil set for second weekly rise as unsettled US-Iran war crimps supply

By GhanaSummary Newsroom1 min read
Oil set for second weekly rise as unsettled US-Iran war crimps supply

-Israeli war on Iran will mean the ​continued curtailment of supply from major oil producers such as Saudi Arabia, Iraq, the ​UAE and Kuwait.-Iran war continues to disrupt supply from the key Middle East-producing region.

This week, the United Arab Emirates suspended all financial and economic transactions with Iran until further notice, ​highlighting the fraught ties ​between the major ⁠Gulf Arab oil producer and Tehran.

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