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All eyes turn to Fed’s rate decision amid mixed trend in global markets

Wednesday’s monetary policy meeting may be Fed Chair Jerome Powell’s last with his tenure coming to a close, while investors lock into Magnificent 7’s financial statements29 April 2026

US stocks close lower as chip sell-off, oil prices pressure Wall Street

Tech-heavy Nasdaq falls 0.9%, S&P 500 loses 0.49% after hitting record highs previous day; Dow drops 0.05%29 April 2026

US says 15% of reviewed tariff refund entries denied so far

Thousands of importers seeking refunds after Supreme Court overturned tariffs imposed under emergency powers28 April 2026

European stocks close mixed amid geopolitical concerns, earnings reports

Stoxx 600 falls 0.37%, France's CAC down 0.46%, Germany's DAX drops 0.27%; UK's FTSE up 0.11%28 April 2026

Middle East war to trigger biggest energy price surge in 4 years: World Bank

Energy prices projected to rise 24% this year to highest since Russia’s invasion of Ukraine; overall commodity prices expected to climb 16%28 April 2026

UAE says state oil company’s focus unchanged after OPEC withdrawal

Abu Dhabi National Oil Company to continue meeting global energy needs across oil, gas, chemicals, low-carbon, renewable energy, says Sultan Al Jaber28 April 2026

Ryanair CEO warns if jet fuel prices stay high, European airlines may fail

Budget carrier better protected as it has hedged 80% of fuel needs, says Michael O’Leary28 April 2026

11 vessels pass through Strait of Hormuz amid stalled US-Iran talks

9 vessels pass through Hormuz from Arabian Gulf to Gulf of Oman, including crude oil tanker28 April 2026

US crude oil tops $100 again as Hormuz closure keeps supply fears elevated

WTI reaches highest level since early April in wake of UAE’s unexpected withdrawal from OPEC28 April 2026

UAE to withdraw from OPEC, OPEC+

- Withdrawn decision in line with UAE's long-term strategic, economic vision and development of its energy sector28 April 2026

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