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Iran’s trade partners face threat of tougher US sanctions
SATURDAY, AUGUST 22, 2026
China, the UAE, Turkey and Iraq are among Iran’s major trade partners exposed to possible US economic penalties over links with Tehran
IEA warns global oil market could enter danger zone in July-August
FRIDAY, MAY 22, 2026
IEA chief Fatih Birol warns the oil market may face severe strain as summer demand rises and Middle East supply remains disrupted.
From sea to sand — Gulf logistics miracle keeps trade moving
SATURDAY, MAY 16, 2026
Gulf states are using trucks, rail, pipelines and Red Sea ports to keep trade moving as war shuts the Strait of Hormuz
Japan secures UAE pledge to expand oil stockpiles amid Hormuz closure
WEDNESDAY, MAY 06, 2026
Ryosei Akazawa says the UAE will replace released crude and grow joint reserves, while Tokyo seeks stable supplies despite the Hormuz closure.
Project Freedom falters — Gulf clashes hit ships and ceasefire
MONDAY, MAY 04, 2026
US moves to free stranded ships in Hormuz trigger fresh clashes with Iran, with attacks on vessels and rising tensions across the Gulf
OPEC+ raises oil quota as Hormuz crisis keeps supply tight
MONDAY, MAY 04, 2026
Seven OPEC+ producers will lift June output by 188,000 bpd, but Hormuz disruptions mean relief for oil markets may remain limited.
Oil surges on Iran blockade fears as OPEC fractures widen
THURSDAY, APRIL 30, 2026
Oil prices climb towards $120 as US blockade on Iran threatens supply, while UAE’s OPEC exit raises longer-term oversupply risks
UAE’s OPEC exit seen as ‘seismic shift’ as Abu Dhabi moves to sell oil before demand fades
WEDNESDAY, APRIL 29, 2026
Analyst Krissada Boonruang says the UAE’s OPEC withdrawal is a geopolitical turning point, driven by a “sell before the world changes” strategy.
UAE quits OPEC from May 1 in major shake-up for global oil market
WEDNESDAY, APRIL 29, 2026
Abu Dhabi says it will leave OPEC and OPEC+ on May 1 after a strategic review, as the Iran war keeps Hormuz flows tight and markets volatile.
Xi offers four-point Middle East plan in talks with UAE prince
TUESDAY, APRIL 14, 2026
Chinese President Xi Jinping has proposed a four-point framework for peace and stability in the Middle East, as Beijing steps up diplomacy amid fragile regional tensions.