Global oil prices plummeted over 4% on Monday, with Brent falling to $99.10, after President Trump announced that a peace deal to reopen the vital Strait of Hormuz is close to being finalized.
U.S. President Donald Trump has urged Arab and Muslim-majority allies to join the Abraham Accords and normalize ties with Israel once a potential peace agreement with Iran is successfully finalized.
Driven by the regional drone crisis, Gulf nations are turning to Turkey for cost-effective air defense layers, netting Ankara $8 billion in fresh defense pacts at the SAHA 2026 expo.
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