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Middle East

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

The exit strips the cartel of rare spare capacity, weakening its price leverage.

Bitcoin Rebounds Near $72,000 After U.S. Blocks Strait of Hormuz

Trump Threatens Iran’s Energy Network as Israel Strikes Tehran

White House Unveils Official App After Days of Cryptic Posts

Japan Starts Releasing State Oil Reserves to Steady Fuel Supplies

Trump Sets 48-Hour Deadline to Reopen Hormuz as Iran Threatens to Shut Strait and Hit Regional Infrastructure

Trump Defends Iran Strikes as Intel Points to Only Months of Delay