OPEC is no stranger to exits. But UAE’s exit could mean a fundamental geopolitical shift in the Middle East (and the oil markets).
Data & financial journalist covering global economics and policy
OPEC is no stranger to exits. But UAE’s exit could mean a fundamental geopolitical shift in the Middle East (and the oil markets).
The U.S. is a net oil exporter but that does not shield it from global economic shocks.
Despite sanctions, Russia’s crude oil exports remain steady. Trade flows have pivoted from Europe to Asia, with China and India now the top buyers. India’s growing imports—and its refusal to join Western sanctions—have triggered steep new U.S. tariffs.
In his second presidency, Trump has repeatedly mentioned taking Greenland from Denmark and retaking the Panama Canal.Together, these trade routes underscore the complexities of international cooperation, climate change, and economic interests shaping the future of global commerce. I take a deep dive into the what’s behind these trade routes and why countries like the U.S., China and Russia are interested in them.