Daily brief
Russia confirmed it continues oil supplies to OPEC+ partners but brought no new proposal, as the IEA warned the Iran war created the biggest energy security threat ever and Trump’s three-bloc energy strategy takes shape. Oil prices rose 4% on uncertain Iran-US ceasefire prospects, while another report said prices edged lower with no progress on talks and Hormuz shipping still disrupted. StanChart set a new oil price equilibrium at $95 per barrel.
Sheikh Mohammed announced that 50% of UAE government services will run on AI agents within two years.
QatarEnergy exported its first LNG cargo from the Golden Pass facility in the US.
Dubai Home Prices posted their first declines after the post-pandemic boom.
Abu Dhabi Commercial Bank reported a record profit, while Emirates NBD Bank profit rose 3% in the first quarter.