Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their Iranian counterpart on Monday.

Oil has climbed above $100 a barrel as the war with Iran disrupts global energy markets, putting pressure on gasoline, transportation, food and other household costs.

Asian shares are declining while tracking Wall Street losses. Oil prices have gained, with Brent crude trading above $108 a barrel in its highest level since May, as tensions intensified between the U.

WASHINGTON (AP) — Friday’s inflation report is shaping up to be among the most consequential in years.

Stocks sank under the weight of rising oil prices. Brent crude, the international standard, climbed another 4% and got back above $105 per barrel.

Asian shares have skidded following a retreat on Wall Street as the price of crude oil again trades above $100 a barrel.

The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.

International oil prices have increased ahead of the Energy and Petroleum Regulatory Authority (EPRA)’s September 2026 fuel price review, according to the CBK.