Dubai's ascent as a burgeoning finance and wealth hub faces a test as the US-Israeli war with Iran hits close to home.
The price of the US benchmark WTI oil contract topping $100 after the United States launched a military attack against major crude producer Iran is the latest significant swing experienced by the commodity this century.
Iran's strategy in its war with the US and Israel is by now clear: Impose an intolerable economic cost on President Donald Trump, forcing him to abandon his "war of choice" as American gasoline prices surge.
Behind the facades of the luxury homes on The Bishops Avenue lies a network stretching from Tehran to Dubai and Frankfurt. The ultimate ownership traces back to one of the most powerful men in Middle East: Mojtaba Khamenei, Iran's new Supreme Leader
To predict who Trump is going to attack next, just follow Chinese money.
Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday over worries that the spiralling Middle East war could create prolonged supply disruptions.
The satellite image posted by an Iranian news outlet looked real: a devastated US base in Qatar. But it was an AI-generated fake, underscoring the accelerating threat of tech-enabled disinformation during wartime.
For most of his 56 years, Mojtaba Khamenei has kept a low profile in the Islamic Republic, quietly building networks of influence in the country's security apparatus, its clergy and within its wealthy business elite.
Chants against Ayatollah Mojtaba Khamenei were heard in Tehran shortly after he was appointed as Iran's new supreme leader on Sunday.
The war in the Middle East was triggered after the US and Israel attacked Iran last Saturday, killing Ayatollah Ali Khamenei.
US-Israel-Iran War Live Updates: Saudi Arabia sharpened its warnings to Iran early Monday, telling Tehran it would be the "biggest loser" if it continues to attack Arab states.
Images and videos from the city showed dark clouds hanging over Tehran, while residents said rain carried an oily residue that stained buildings.
According to the Embassy, one Indian national was injured in the attack and is currently undergoing treatment at a government hospital in Al Kharj.
The UAE intercepted 16 ballistic missiles and 113 unmanned aerial vehicles (UAVs) on Sunday. Air defences detected 17 ballistic missiles in total; 16 were destroyed and one fell into the sea.
Mojtaba Khamenei, the 56-year-old son of Ayatollah Ali Khamenei, is a low-profile cleric who has spent most of his career outside public office but close to power, working within the Office of the Supreme Leader.
Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signaling that hardliners remain firmly in charge in Tehran a week into its conflict with the United States and Israel.
Oil prices eclipsed $100 per barrel for the first time in more than three and a half years Sunday as the Iran war hinders production and shipping in the Middle East.
Iran on Sunday indicated it had chosen Ayatollah Ali Khamenei's son Mojtaba as his successor, after Israel struck fuel depots in Tehran overnight.
A projectile killed two people and injured 12 more in Saudi Arabia's Al Kharj governorate, south of Riyadh, the kingdom's civil defence said on Sunday, as Iran continued to launch missiles and drones at its Gulf neighbours.
Iran's elite Guards have launched ballistic missiles towards Israeli and US bases as the Middle East remains on the edge in the second week of war.
Crude oil prices surge more than 20 percent as sprawling regional conflict threatens global energy supplies.
Iran's military and political leaders pledge allegiance to Mojtaba Khamenei as US-Israeli attacks continue.
Iranian state television has announced that the Assembly of Experts has chosen Mojtaba Khamenei as supreme leader.
An apology comes from Iran's president, yet missiles are still hitting neighbours.
Decree strips parties of legal status and assets, as opposition leader calls on Guineans to resist.
Palestinians were killed after armed Israeli settlers attacked the village of Abu Falah in the occupied West Bank.
Mojtaba Khamenei will now be charged with leading Islamic Republic through the biggest crisis in its 47-year history.
Two people have been arrested after the device was thrown, as far-right demonstrators clashed with counterprotesters.
Marches on 115th anniversary of IWD place focus on issues like US-Israeli war on Iran and Trump's links with Epstein.
Colombians will choose from more than 3,000 candidates vying for 102 Senate seats and 182 House seats.
Army tells UN and aid workers to leave as forces close in on one of the last opposition strongholds.
US president continues to focus on election administration ahead of November midterms, sparking concern from critics.
The US and Israel continue to strike Iran, hitting oil storage depots and refining facilities in Tehran.
US and Israel attack Iran: Information is power, and now everyone has it.
Scottish FA launches investigation after fans fought on the pitch following the Scottish Cup quarterfinal in Glasgow.
Mojtaba Khamenei has succeeded his father, Ayatollah Ali Khamenei, who was assassinated in joint US-Israel attacks.
Trump says new supreme leader will 'not last long' without US approval, hours before Mojtaba Khamenei is selected.
Iran's IRGC had earlier said it targeted radar systems in locations including Al-Kharj, home to Prince Sultan base.
US troops reportedly told the war in Iran is intended to bring about biblical end times, Armageddon.
Bumrah's stunning bowling sealed India's record-breaking win at home after Samson and Abhishek's batting fireworks.
The Israeli intelligence agency counts on unconditional US cover and adversary lapses for its assassination policy.
Analysts say Israel's actions in Lebanon, including mass displacement, are an effort to reshape the country.
The US-Israeli war on Iran is illegal and goes against the interests of the American people.
Lebanon's social affairs minister said 517,000 people had been registered as displaced during the conflict.
‘This war has not been thought through’