Brent crude futures, the international benchmark for oil prices, were at $76.75 per barrel on Wednesday, May 9, 2018. Image Credit: Agency

With Ramadan approaching, it’s not a busy week for news on the local front. Internationally, the biggest headline of the week surely is US President Donald Trump’s announcement about plans to withdraw the US from the Iran nuclear deal.

The Business team discusses the implications of that, with effects already starting to show in oil prices.

The deal also hurts any US businesses operating in Iran, so what happens from here?

In UAE news, the team discusses the mega investment just announced by Adnoc of $45 billion into the largest refinery complex. Listen to hear all about it.