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Average gas prices surged to $4.18 per gallon, the highest level in four years, driven by stalled US-Iran talks and oil market volatility.
Apr 28, 2026
Iran’s latest peace deal proposal excludes concessions on its nuclear program, complicating negotiations with the U.S.
An LNG tanker managed by Abu Dhabi’s state oil company successfully navigated the Strait, marking the first such transit since regional tensions escalated.
The United Arab Emirates announces its departure from OPEC, complicating global oil dynamics amid ongoing negotiations over the Strait of Hormuz.
The United Arab Emirates announced its departure from OPEC as Iran seeks a deal with the U.S., leaving the Strait of Hormuz in a precarious position.
President Trump asserts Iran is urging the U.S. to reopen the Strait of Hormuz amid claims of internal collapse, though Iran has not confirmed the request.
The United Arab Emirates announced its departure from OPEC, citing a strategic shift toward accelerated domestic energy production and market independence.
The United Arab Emirates announces its departure from OPEC and OPEC+, marking a significant shift in global energy dynamics amidst US financial backing.
Ongoing negotiations between the U.S. and Iran remain gridlocked over Tehran’s nuclear ambitions and maritime security in the Strait of Hormuz.
Ongoing negotiations between Iran and the U.S. face hurdles as disagreements over nuclear ambitions and control of the Strait of Hormuz persist.
The Supreme Court will hear arguments on whether the Department of Homeland Security can end Temporary Protected Status for migrants from Haiti and Syria.
The United Arab Emirates announces its exit from OPEC, disrupting the cartel's unity and potentially weakening Saudi Arabia's influence.