Oil climbs above $80 as Middle East tensions ripple through markets
Oil futures rose above $80 as Middle East tensions disrupt global fuel supplies, with the U.S. granting India a 30-day waiver to buy Russian oil. The crisis also unsettles Dubai’s status as a wealth hub, while the OpenAI-Anthropic rivalry persists and Trump tariffs face fresh legal challenges; UAE discussions reportedly include freezing Iranian assets amid escalating pressure.