Opec
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financeU.S. Oil Stockpiles Hit Lowest Since 2004 Amid Middle East Tensions
U.S. crude inventories fell 10.6 million barrels last week to 1.57 billion, the lowest since 2004, as the government intervenes to curb surging prices from Middle East supply disruptions.
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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.