ADNOC ship hit by missile in Strait of Hormuz
The UAE's trade with BRICS countries grew by 28.5%, surpassing a value of $312 billion in 2025, supported by corporate profits. Meanwhile, UAE stocks recorded a weekly gain of 68 billion dirhams. The US fuel market is facing rising prices despite a decline in oil prices, due to reduced refining operations. Europe imported 14% of Russian gas in June. Additionally, ADNOC issued a warning after one of its ships was targeted by a missile in the Strait of Hormuz, with no injuries reported.
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