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The United Arab Emirates has made a shocking move by exiting OPEC and OPEC+, creating a major impact on the Saudi Arabia-led oil alliance. This unexpected decision comes amid rising tensions in the Middle East during the ongoing Iran war, raising concerns over global oil supply and price stability.
At the same time, Donald Trump claims Iran is in a “state of collapse” and urgently wants the Strait of Hormuz reopened. However, no official confirmation has been given by Tehran. Diplomatic tensions remain high as the US rejects Iran’s latest proposal to end the war.
Meanwhile, Vladimir Putin continues to support Iran diplomatically, signaling a shift in global alliances. Adding to the headlines, King Charles III visits the United States and meets Trump at the White House.
Stay connected for breaking updates on global politics, oil markets, and Middle East crisis.
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