Middle Orient

Consensus remains that oil market management is needed to avoid severe boom-bust cycles The UAE’s decision this week to leave the Organization of the Petroleum Exporting Countries came as a surprise to many, although the move had been years in the making. What is different now is the context in …

Key Takeaways Iran is unlikely to make meaningful concessions in its next proposal to the United States, which is expected in the next several days. Islamic Revolutionary Guards Corps (IRGC) Major General Ahmad Vahidi, whose hardline position on negotiations the regime has adopted, appears unwilling to concede on Iranian control …

Hier, les Émirats arabes unis (EAU) ont annoncé leur intention de quitter l’Organisation des pays exportateurs de pétrole (OPEP). Il s’agit d’une rupture qui aura probablement de graves conséquences pour la prospérité des EAU. Il s’agit d’une décision à long terme qui était attendue depuis longtemps et qui est indépendante …

Despite Trump’s repeated claims that Iran is beginning to capitulate, Tehran believes it has the three Ms on its side: “munitions, markets, and the midterms.” Iranian Foreign Minister Abbas Araghchi has been on a strategic tour to prepare for two dramatically different paths that could unfold in the coming days: …

Tehran widens diplomacy to regional and global players while indirect US talks remain uncertain. Islamabad, Pakistan – Iranian Foreign Minister Abbas Araghchi has discussed with regional interlocutors a proposal aimed at reopening the Strait of Hormuz but deferring talks with the US on Tehran’s nuclear programme for later, during a …

Announcement of its exit on Friday comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz. The United ‌Arab Emirates has announced its decision to quit OPEC and OPEC+ to focus on “national interests”, dealing ⁠a heavy ⁠blow to the oil-exporting groups at a time …

The United States has been flying cash — around $400-$500 million at a time — to Baghdad for decades. However, The Wall Street Journal recently reported that the U.S. Treasury had partially suspended dollar shipments tied to Iraq’s oil exports until Baghdad cracks down on Iranian-linked militias. Since the outbreak …

On April 24, 2026, a day before Iran conveyed its new proposal to the U.S. regarding lifting the U.S. blockade on Iran in the Strait of Hormuz in exchange for a guarantee of freedom of passage in the Strait, Majlis Deputy Speaker Ali Nikzad said in a speech to residents …

A prerequisite of serious talks is that the country’s leadership consolidates majority national support for such a process. When President Joseph Aoun and Prime Minister Nawaf Salam called for negotiations with Israel several weeks ago, their primary objective was to derail the Israeli onslaught against Lebanon. To an extent they …

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