Economy
UAE Exit from OPEC Triggers Global Market Uncertainty and Geopolitical Tensions.
May 5, 2026 at 8:30 PM
The UAE's historic departure from OPEC has triggered significant market instability, exacerbated by a reported attack on a Fujairah petroleum site, raising concerns over a new era of energy volatility and price fluctuations.
Economy
OPEC+ Announces Symbolic Oil Production Hike Amidst Strategic Strait of Hormuz Standoff.
April 5, 2026 at 5:51 PM
OPEC+ has authorized a modest increase in oil output quotas for May; however, analysts note the move is largely symbolic as ongoing conflict in the Strait of Hormuz continues to severely restrict global supply.






