UAE

Oil prices remain supported as tensions around Iran and the Strait of Hormuz keep supply risk in focus. WTI traders are watching the $81 breakout zone, while Brent bulls are focused on $90 and the path toward $100.

Oil prices are trying to stabilize, but the rebound remains fragile as traders weigh rising supply against uncertain demand. WTI is centered on the $66 support area, while Brent needs a stronger recovery above $80 to improve the short-term outlook.

Crypto founders are increasingly turning to Dubai as the European Union’s MiCA framework tightens ahead of a July 1 deadline. Supporters of the move say the UAE offers faster, crypto-specific licensing and easier access to emerging markets.

Senate Democrats are calling for immediate hearings into a $500 million UAE-linked investment in Donald Trump’s family crypto venture, World Liberty Financial. Lawmakers say the arrangement raises conflict-of-interest concerns and questions about foreign influence on U.S. policy.

Dubai's recent court ruling to validate cryptocurrency as a form of salary payment is a significant milestone, reflecting the city's commitment to financial innovation and setting the stage for broader global acceptance of digital currencies in mainstream financial systems.

Dubai's legal system has taken a major step forward by recognizing cryptocurrency as a valid form of salary payment, setting a new precedent for digital currency integration in employment contracts.