OPEC is no stranger to exits. But UAE’s exit could mean a fundamental geopolitical shift in the Middle East (and the oil markets).
All posts tagged crude oil
U.S. gas prices jump above $4 , highest since 2022 as Iran conflict pushes oil higher
The U.S. is a net oil exporter but that does not shield it from global economic shocks.
Fed holds rates, warns inflation still above target as cuts remain cautious
The Federal Reserve’s latest projections show steady economic growth, persistent inflation above 2% and a slower path to interest rate cuts.
Shipping traffic in the Strait of Hormuz plunges to historic lows as oil prices hit a 19-month high
Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.