Economics ❯ Market Dynamics ❯ Oil Prices ❯ Supply and Demand

Global Economy

Iran Lets Select Chinese-Linked Ships Through Hormuz as Trump and Xi Back Keeping the Strait Open

The selective openings underscore Tehran’s case-by-case control of a corridor still closed to most traffic.

UAE to Quit OPEC and OPEC+ on May 1, Redrawing Gulf Oil Politics

IEA Approves Record 400 Million-Barrel Oil Release to Counter Hormuz Supply Crunch

OPEC+ Completes Reversal of 2023 Cuts With 547,000 bpd September Supply Increase