Bloomberg Oil rose to a four-week high after an industry report signalled a bigger-than-forecast drop in US crude stockpiles, adding impetus to a rally that’s been driven by a tense standoff between Washington and Tehran. Futures in New York gained as much as 2.3 percent. The American Petroleum Institute reported that inventories fell by 7.55 million barrels last week, according …

MEXICO CITY / WAM UAE Ambassador to Mexico Ahmed Hatem Al Menhali met with Mexican Assistant Secretary of Communications and Transportation Carlos Alfonso Moran Moguel. The two sides explored ways of enhancing cooperation between the two countries across different sectors. Al Menhali and Moguel emphasised that their cooperation and partnership would support bilateral projects and initiativ-es, particularly those of overall …

Bloomberg US President Donald Trump said substantial additional US tariffs would be placed on goods from China if there’s no progress on a trade deal after his planned meeting with Chinese counterpart Xi Jinping at the G-20 Summit in Japan. “My Plan B with China is to take in billions and billions of dollars a month and we’ll do less …