{
  "id": 6763574,
  "title": "UAE shares gain as regional conflict fuels oil supply concerns",
  "url": "https://urgent.news/2026/09/11/uae-shares-gain-as-regional-conflict-fuels-oil-supply-concerns",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T14:18:13.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439061/uae-shares-gain-as-regional-conflict-fuels-oil-supply-concerns"
  },
  "original_language": "en",
  "account": "UAE stock markets experienced a rise on Friday, with Dubai leading the gains. This surge was driven by a significant increase in oil prices, as attacks on crucial Middle East shipping routes raised concerns about potential supply disruptions. Crude oil prices were projected to surge by over 7% for the week, while U.S. diesel prices reached a record high. The Strait of Hormuz, a key shipping route, continued to experience restricted oil flows due to ongoing attacks between the U.S. and Iran, coupled with the Houthi takeover of Yemen's port of Mocha, which threatened Saudi oil exports in the Red Sea. Vessel transits at the Strait of Hormuz dropped to seven on Thursday, a stark contrast to the 11 voyages the previous day, according to preliminary ship-tracking data released on Friday. This marked a significant drop from the 10-day average of 15 transits. Brent crude, a vital component of Gulf economies, experienced a decline of 3.6%, settling at $103.75 per barrel by 1056 GMT. Dubai's main market saw a 0.6% increase after two days of losses, propelled by a 4.2% rise in the top lender, Emirates NBD Bank, and a 1.9% gain in the utility firm, Emirates Central Cooling Systems Corporation. However, National Central Cooling faced a 2.1% decrease following the appointment of Yousif Al Hammadi as its new chief executive officer. Abu Dhabi's benchmark index managed a slight gain of 0.03% over four consecutive sessions, buoyed by a 3.6% rise in the investment firm Two Point Zero Group, owned by IHC. State-owned energy shipping firm Adnoc Logistics & Services saw a 2.9% increase, while energy infrastructure developer NMDC Group added 3.5%. Despite these gains, the index was tempered by a 5% drop in chemical maker Fertiglobe and a 1.5% decline in the largest lender, First Abu Dhabi Bank. On a separate note, the United Arab Emirates is quietly reevaluating its plans for a 5-gigawatt AI data center project, one of the largest outside the U.S., due to the ongoing Iran war, prompting a reconsideration of critical infrastructure locations, according to six sources familiar with the matter who discussed the situation with Reuters. Over the week, both the Abu Dhabi and Dubai indices achieved a combined weekly gain of 1.4% and 1% respectively, as per data from LSEG.",
  "summary": "UAE stock markets closed higher on Friday, with Dubai outperforming its regional peer, supported by a sharp weekly rise in oil prices as attacks on key Middle East shipping routes fuelled concerns that supply disruptions could persist. Crude was on track to gain more than 7% for the week, while U.S. diesel prices hit a record high. Oil flows remained restricted through the Strait of Hormuz as the…",
  "key_points": [
    "UAE stocks rise on Friday amid oil price surge",
    "Attacks on shipping routes threaten oil supply",
    "Strait of Hormuz sees 70% drop in vessel transits"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}