Hormuz Intervention Fails to Sway Oil Market
Oil prices were unaffected by a US plan to guide vessels through the Strait of Hormuz, as Iran signaled non-cooperation and maritime incidents continued.
04 May 2026
UAE Quits OPEC, Eyes 5 Million BPD Output
UAE exits OPEC, seeking to lift production beyond quotas from 3–3.5 million bpd toward 5 million bpd, reshaping cartel influence.
28 Apr 2026
Gulf States Face $15 Billion Revenue Loss Amid Hormuz Disruption
Gulf states have lost an estimated $15.1 billion in energy revenues due to the near-shutdown of the Strait of Hormuz following recent conflicts.
13 Mar 2026
