The United Arab Emirates will withdraw from Organization of the Petroleum Exporting Countries (OPEC) on May 1, the UAE’s state news agency WAM said. “This decision aligns with the United Arab Emirates’ long-term strategic and economic vision and the development of its energy sector, including accelerating investment in domestic energy production,” the statement said. OPEC … Read more
Brent crude rises more than 2 percent after Washington and Tehran fail to hold second round of talks in Pakistan. Published On 27 Apr 202627 Apr 2026 Oil prices have climbed higher amid stalled peace talks between the United States and Iran. Brent crude rose more than 2 percent on Sunday after hopes for a … Read more
Kuwait oil refinery hit by drone attack as Trump threatens to strike Iran’s bridges and power plants BBC A Bid to Use Force to Open Strait of Hormuz Hits Roadblocks at U.N. Security Council The New York Times Day 34 of Middle East conflict — Oil prices surge as Trump’s Iran war speech fails to calm nerves CNN … Read more
Huge fires at Russian oil facilities following Ukraine strikes, satellite images show BBC Russia’s Baltic Oil Port Ust-Luga Damaged in New Drone Attack Bloomberg Russia expected a windfall from soaring oil prices, but Ukrainian drones are devastating exports Fortune At least 40% of Russia’s oil export capacity halted, Reuters calculations show NBC News Ukraine drones damage Russia’s Ust-Luga port … Read more
8 hours agoIran says it’s fighting ‘major world war,’ warns enemies won’t escape without a lesson Source link
A missile slammed into a street in central Tel Aviv as Iran kept up its barrages targeting Israel and Gulf Arab states on Tuesday, hours after President Trump said the U.S. was in talks with Tehran to end the war. Iran dismissed the claim of ongoing negotiations as “fakenews is used to manipulate the financial … Read more
The European Union is seeking more strategic clarity about the U.S. and Israel’s plans for Iran and when the conflict might end as the bloc weighs whether to send ships to help shore up security in the Persian Gulf. Without confirming any specific international commitments, President Trump said in a social media post on Saturday … Read more
Budapest has accused Kyiv of deliberately blocking progress on repairing the infrastructure in order to engineer an energy crisis in the Hungary. In response, Hungarian Prime Viktor Orbán has been blocking the release of a €90 billion tranche of EU funding for Ukraine needed to keep the war-torn country financially afloat. On Thursday, the European … Read more
US eases Russia oil sanctions as Iran war pushes up energy prices BBC Trump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict The New York Times US temporarily lifts sanctions on Russian oil at sea as Iran war sees global prices surge The Guardian US Treasury Gives Green Light for Sale of More Russian Oil Bloomberg.com … Read more
Here’s what has been happeningpublished at 04:27 GMT 04:27 GMT Image source, ReutersImage caption, The site of an Israeli strike in Beirut Attacks on ships in the Gulf have intensified. Iraqi authorities say one person has died and another 38 have been rescued near the port of Umm Qasr, in the city of Basra, while … Read more