Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon.
Oil prices will gain 30 percent on average in 2012 compared with a year earlier on possible supply disruption from Iran, the International Monetary Fund warned.
Most Gulf markets gained on Tuesday, buoyed by rising oil prices, while Egypt's main index .EGX30 halted a four-session rally, dragged by stocks to be dropped from the MSCI index.
