International relations, geopolitics, wars, major global shifts
The UAE announced it will permanently exit OPEC on May 1 after an official review of its oil production policy. Losing one of its largest producers weakens OPEC's ability to control global oil supply and prices. The exit could allow the UAE to pump oil freely beyond current cartel-imposed limits.
The United Arab Emirates announced it is leaving OPEC after more than 50 years of membership. The exit removes a major Gulf producer from the cartel, weakening its ability to coordinate global oil supply and support prices. Markets will watch whether the UAE moves to raise output independently.
The UAE has announced its withdrawal from OPEC and the OPEC+ alliance, ending its participation in coordinated oil output management. The exit frees Abu Dhabi to produce above its previous quota, which could push more crude into global markets and pressure oil prices downward.
The UAE will leave OPEC on May 1, ending nearly six decades of membership in the producer group. The exit lets the country raise oil output freely, adding potential supply to an already volatile market. This could push crude prices lower and may prompt other quota-frustrated members to reassess their own positions.
India and New Zealand signed a free trade agreement on April 27, with Minister Piyush Goyal framing it as part of a reshaping of the global economy. The deal could open new market access for exporters on both sides, though specific tariff and product details have not yet been released.
The UAE has announced it is withdrawing from OPEC and OPEC+, one of the most significant exits in the cartel's history given the country's large output. The move weakens OPEC's ability to coordinate production cuts and could put downward pressure on global oil prices. No further timeline or replacement framework has
India and New Zealand signed a free trade agreement, with Commerce Minister Piyush Goyal and New Zealand's Trade Minister Todd McClay inking the deal. The pact lowers trade barriers on goods and services between the two countries, opening new market access on both sides.
A gunman fired at Secret Service personnel at the White House Correspondents' dinner Saturday, prompting agents to evacuate President Trump and First Lady Melania. The agent hit was protected by body armor and unharmed. The suspect is due in court Monday on federal assault and firearms charges.
The UAE will exit OPEC on May 1, ending over 60 years of membership and removing one of the group's largest producers from its output coordination framework. The loss weakens OPEC's ability to manage global crude supply and defend prices. Regional tensions tied to the Iran conflict appear to have hastened the split.
The UAE has withdrawn from OPEC and OPEC+, citing insufficient support from Arab allies against Iranian attacks. The exit removes one of the group's largest producers, undermining OPEC+'s ability to manage global oil supply and prices. Markets will now watch whether the UAE pursues an independent output strategy.
The Trump administration is reviewing a peace plan linked to Iran that would reopen the Strait of Hormuz, with nuclear talks possibly deferred to a later stage. A deal on the strait alone could ease pressure on global oil prices, which are sensitive to any disruption in that shipping lane. No timeline or final terms
US-Iran talks stalled after Tehran offered to reopen the Strait of Hormuz in exchange for lifting sanctions and ending the war, while deferring nuclear talks. Trump indicated he was unhappy with the proposal, and the two sides clashed over the nuclear programme. The Strait of Hormuz handles a major share of global oil
The Bank of Japan held rates steady but three board members voted for a hike, signaling rising internal pressure to tighten. The dissent could shift expectations for yen direction and global carry trades. Markets will watch the next meeting for any sign the majority view is softening.
Cole Tomas Allen has been charged with attempting to assassinate President Donald Trump in connection with a press gala shooting. The federal charge is among the most serious offenses under US law and carries severe penalties. The case now moves to federal court.
A U.S. official says President Trump is unhappy with Iran's latest proposal to end a two-month war, cutting hopes for a quick resolution. The conflict has disrupted energy supplies and driven up inflation globally. No details of Trump's objections or Iran's proposal were made public.
Iran has reportedly offered the US a deal to reopen the Strait of Hormuz while keeping nuclear negotiations separate. The strait carries about 20% of global oil supply, so any disruption carries major market risk. The proposal follows the Trump administration's cancellation of planned talks in Pakistan.
China's National Development and Reform Commission has ordered Meta and Manus to cancel their US$2 billion acquisition deal. Manus is registered in Singapore but has Chinese founders, giving Beijing grounds to intervene. The move signals China will block AI-linked deals beyond its borders when it sees strategic
The U.S. and Iran are in active ceasefire talks as a Strait of Hormuz closure pushes gas prices higher and squeezes both economies. The standoff lands ahead of U.S. midterm elections, raising political stakes for Washington. No specific deal terms or timeline have been confirmed yet.
Pakistan fired mortars and rockets into Afghanistan on Monday, killing four and wounding 70, the Afghan Taliban government said. The attack threatens to collapse already fragile peace talks between the two countries. Pakistan has not publicly responded to the allegations.
Iran is offering a separate Hormuz strait deal to regional and global partners, independent of its nuclear negotiations with the US. The move is designed to build wider international support while indirect US talks remain stalled. Hormuz carries about a fifth of global oil supply, making any deal there significant for