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 …