World Business NewsIran sends peace talks proposal to Pakistani intermediaries; Brent futures for July settle at $108.17, down $2.23 a barrel; WTI futures finish at $101.94 a barrel, down $3.13, or 2.98%
World Business NewsTrump cites EU non-compliance with trade deal; EU officials criticise move as arbitrary, warn of firm response; economist calls on Brussels, Berlin to 'finally show some backbone'; shares of Ford Motor fall 2.4%, Stellantis 3.3%, General Motors 1.5%
World Business NewsTrump admin approves $4.01 billion Patriot support for Qatar, $992.4 million APKWS deals for Qatar and Israel, $2.5 billion system for Kuwait, and $147.6 million sale to UAE
World Business NewsReport claims Iran’s largest crypto exchange processed funds tied to sanctioned entities while remaining outside Western penalties
World Business NewsUAE tourism-driven eateries hit as Iran war disrupts sea routes, raises freight costs, cuts footfall; restaurants shift to local menus, home kits and set-price deals
World Business NewsBrent July futures rise $1.04 to $111.44, WTI gains $0.41 to $105.48 in early trade
World Business NewsGold rises 0.1% to $4,627.63 after hitting $4,559.48 low, set for 1.7% weekly loss; futures up 0.4% to $4,649.60, silver jumps 3% to $75.91, platinum at $1,992.05, palladium up 0.6% to $1,532.79
World Business NewsNikkei edges up after Wall St bounce, holidays limit action
World Business NewsU.S. war in Iran has seen oil and gas prices rise; Increase in costs has unsettled Republican insiders; U.S. military poised to restart attacks if ordered by Trump
World Business NewsWall Street futures reverse gains from positive tech earnings; Fed holds rates but saw rising dissent over lower interest rates; Dollar hovers above 160 yen, global bond yields march higher
World Business NewsSpot Gold rises 0.5% to $4,567, June futures at $4,578; silver +1.1%, platinum +1.9%, palladium flat as metals head for second monthly drop
World Business NewsUAE exits OPEC, rejects Saudi oil control after years of Yemen, Sudan, quota disputes; rivalry hardens into Gulf power split as oil turns strategic amid Hormuz risks