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Japan secures UAE pledge to expand oil stockpiles amid Hormuz closure
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
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 GulfOPEC+ raises oil quota as Hormuz crisis keeps supply tight
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
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 risksUAE’s OPEC exit seen as ‘seismic shift’ as Abu Dhabi moves to sell oil before demand fades
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
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
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.UAE shuts airspace amid fresh Iran attack threat
UAE shuts airspace amid fresh Iran attack threat
TUESDAY, MARCH 17, 2026
UAE closes airspace after renewed Iranian drone and missile attacks target oil facilities and ports, disrupting flights and fuel supply chainsUAE’s Fujairah port hit by drone attack, oil loading suspended
UAE’s Fujairah port hit by drone attack, oil loading suspended
MONDAY, MARCH 16, 2026
Two sources said the UAE's Fujairah port suspended oil-loading operations after a drone attack sparked a fire in the petroleum industrial zone.UAE Repels Hundreds of Iranian Missiles and Drones as Officials Vow Firm but Measured Response
UAE Repels Hundreds of Iranian Missiles and Drones as Officials Vow Firm but Measured Response
MONDAY, MARCH 09, 2026
Abu Dhabi says air defences intercepted 172 ballistic missiles and 755 drones while calling for dialogue to end the worst regional escalation in decades