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Democrats’ win: What’s at stake for Gulf business

The immediate concern for the region is whether Washington and Israel will resume strikes on Iran, potentially triggering further Iranian attacks on Gulf states.

Gas prices at a Shell gas station above $6 a gallon for regular gasoline and $8 a gallon for diesel are displayed across from a US flag outside of the Marathon Petroleum Corp. — Patrick T. Fallon / AFP via Getty Images

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Oil prices plunged on Wednesday as Vice President JD Vance blamed the Iran war for Republicans’ midterm rout. Meanwhile, AI deals took center stage at Abu Dhabi’s ADIPEC energy conference as the UAE pushed to expand the technology’s use across its energy sector.

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