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The UAE says it will leave OPEC, amid tensions with Saudi Arabia and the chaos of the Iran war.
| Keywords | uaeunited-arab-emiratesopecsaudi-arabiairan-warmiddle-eastoilenergygeopoliticseconomyoil-industrygulfwarconflictresource-scarcityenergy-securitymarket-volatility |
The Gulf government has long complained about the oil cartel’s quotas, which officials believe unfairly limited their exports.
The foreign ministers of Pakistan, Turkey, Egypt and Saudi Arabia met Friday on the sidelines of the Antalya Diplomacy Forum in Turkey to discuss the efforts to reach a deal to end the war between the U.S. and Iran . Why it matters: This was the third such "quad" meeting since the beginning of the war. While Pakistan has been the main mediator and hosted last weekend's peace talks, Egypt and Turkey have helped push the negotiations forward behind the scenes. - A source with knowledge said the "quad" meetings are aimed at maintaining coordination between the three mediators and Saudi Arabia — the most powerful country in the Gulf, with significant influence on the Trump administration, and a key stakeholder in any future peace deal. -…
For decades, the U.S.-Gulf relationship was based on oil for security. That framework is obsolete.
| Keywords | uaeirantrumpoilmiddle-eastusagulfdubaigeopoliticsenergysecurityforeign-policyeconomyus-politicsoil-industrycrude-oilmarket-volatilityenergy-securityamericared-green-axis |
Iranian officials said one of the longest bridges linking Tehran to the city of Karaj was destroyed overnight, while Iranian missiles and drones hit Israel, Saudi Arabia, the United Arab Emirates and Kuwait's largest oil refinery, setting some units on fire.
The latest strikes come after Israeli Prime Minister Benjamin Netanyahu said Thursday that Israel would "hold off on future attacks" on Iran's energy infrastructure, following Trump's request.
| Keywords | israelirantehrannetanyahutrumpmiddle-eastwaroil-facilitiesenergy-sectormilitary-strikegulfregional-instabilityforeign-policyred-green-axisconflictdrone-strikesoil-storagebreaking-news |
Be careful what you wish for.
| Keywords | trumpdonald-trumpiranwarmiddle-eastforeign-policyusaamerican-politicsnytimesfrank-brunibret-stephensgeopoliticsglobal-affairsopinioninternational-relationsconflictgulfpolitical-analysis |
The war in Iran has rapidly expanded beyond the Middle East, pulling in U.S. allies and bystanders alike. The big picture: Since the U.S. strikes began on Saturday, Iran has retaliated against Israel and multiple Gulf states, plunging the region further into chaos. - U.S. embassies across the region remain on high alert, with the State Department urging Americans to leave immediately . Here's what we know about the countries involved. Countries involved with Iran war United States: President Trump ignited the conflict last Saturday with a massive military operation aimed at destroying Iran's nuclear program, its missile arsenal and its proxy networks — and ultimately forcing regime change . - At least six U.S. service members have…
| Keywords | iranisraelustrumpmiddle-eastwargeopoliticalgulfqatarlebanoncypruskuwaitdohastate-departmentnuclear-programmissile-arsenalali-khameneimilitary-strikered-green-axisforeign-policy |
Just 72 hours after the U.S. and Israel began bombing Iran , the war has already consumed nearly the entire Middle East, reached the gates of Europe and raised new fears of attacks on American soil. Why it matters: The sheer geographic scope of the war is staggering — directly involving at least 11 countries, disrupting the global flow of oil and gas, and rattling markets worldwide. - President Trump said Monday that Operation Epic Fury is designed to last four to five weeks . In that window, the conflict has significant room to expand further. The big picture: The Middle East had barely caught its breath. - After two years of war across Israel, Gaza, Lebanon and Yemen, a U.S.-brokered ceasefire had only brought relative quiet to the…
| Keywords | iranisraelustrumpmiddle-eastwargeopoliticalgulfqatarlebanoncypruskuwaitdohastate-departmentoperation-epic-furytehranus-militarymissilesdronesiraquaebahrainsaudi-arabiaomanred-green-axis |
The high prices came as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain.