UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Middle East Turmoil Propels Oil Prices HigherSingapore, 12 Mar 2026 (ONA) —- Oil prices surged more than 9 percent today, once again breaching the USD 100 per barrel threshold, as US-Israel war against Iran and the Iranian retaliation in the Middle East propelled oil prices, as well as the International Energy Agency’s announcement of a record-breaking release from strategic stockpiles.Brent crude soared 9.3 percent to reach USD 100.50 per barrel, while West Texas Intermediate advanced 8.8 percent to settle at USD 94.92.The International Energy Agency recommended the release of 400 million barrels of oil—an unprecedented volume—in an effort to temper prices that have skyrocketed amid supply shocks stemming from the US-Israeli war on Iran.The United States is contributing the largest share of this initiative, releasing 172 million barrels from its Strategic Petroleum Reserve.—- Ends/Khalid
