OPEC
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worldIranian Drone Strike Hits Kuwait Airport as Gulf Conflict Escalates
A drone strike on Kuwait International Airport on June 3, 2026, marks a major escalation in the US-Iran conflict, hitting civilian aviation infrastructure.
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financeGoldman Warns of Oil Supply Shock as Strait of Hormuz Disruptions Mount
Goldman Sachs warns of a potential supply shock from Strait of Hormuz disruptions, risking higher oil and gas prices and demand destruction.
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worldOil Prices Drop 2% as Trump Halts Iran Strike Plan for Talks
Crude falls after Trump pauses Iran attack; Strait of Hormuz remains key risk as inventories drop.
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worldOil Prices Surge as Middle East Peace Hopes Fade
Brent and WTI crude settle higher on supply disruption fears amid stalled US-Iran talks and prolonged Strait of Hormuz closure.
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financeUAE Exits OPEC Amid Gulf Conflict, Sending Oil Markets Higher
The UAE leaves OPEC as Iran-US-Israel conflict closes Strait of Hormuz, driving crude prices toward $90.
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cryptoUAE Exit from OPEC Sparks Oil Price Surge Fears
The UAE leaves OPEC amid regional conflict, with markets predicting crude oil hit $90 by June.
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worldUAE-Israel Alliance Strains Qatar Ties and Raises Iran Airspace Closure Risk
The UAE and Israel publicly declare a strategic defense partnership, escalating Gulf tensions and potentially leading to Iran closing its airspace.
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worldUAE Exits OPEC Amid Iran Conflict, Strait of Hormuz Closure Tightens Oil Supply
The UAE leaves OPEC as Iran conflict rages and Strait of Hormuz closes. WTI crude tops $100 per barrel.