Oil retreats from four-year high but holds weekly gains | The National
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Source: The National (UAE)
Published: 2026-05-01 18:08 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, World News, Business & Economy, War & Conflict
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Snippet:
Oil prices rose on Friday, heading for a weekly gain, as the Iran war kept the Strait of Hormuz effectively shut and Tehran pledged a new framework to oversee the waterway that carries about a fifth of global crude supply.
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