The UAE exit from OPEC on May 1, 2026, is one of the most significant moves in global energy history. The United Arab Emirates made the announcement on April 28, 2026. It also confirmed it will leave OPEC+, the broader alliance that includes Russia. Together, both groups have spent decades managing the world’s crude supply….
global energy markets
How the Iran conflict is threatening the U.S. economy
New economic data shows that inflation in the United States remained relatively stable in February, just before the outbreak of military conflict involving Iran created new uncertainty for the global economy. The latest Consumer Price Index report from the Bureau of Labor Statistics showed that overall consumer prices rose 2.4 percent compared with the same…
Iran raises stakes with threat to halt Persian Gulf shipping after new attacks
A growing conflict in the Middle East is raising concern around the world after Iran warned it could move to shut down major shipping lanes in the Persian Gulf. The threat comes as military activity intensifies across the region, including a wave of missile strikes targeting Gulf states and Israel. The Persian Gulf is one…