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President Trump said at a NATO summit the US will "probably" strike Iran again, calling any future action "over quickly," while Tehran vowed a "fearless" response. The standoff raises immediate risk for oil markets and Gulf shipping lanes.
The UAE has withdrawn from OPEC and OPEC+, citing insufficient support from Arab allies against Iranian attacks.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.
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President Trump said at a NATO summit the US will "probably" strike Iran again, calling any future action "over quickly," while Tehran vowed a "fearless" response. The standoff raises immediate risk for oil markets and Gulf shipping lanes.
1mo ago · 3 min · Global Affairs
The UAE has withdrawn from OPEC and OPEC+, citing insufficient support from Arab allies against Iranian attacks.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.
4mo ago · 1 min · Global Affairs
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