UAE to Quit OPEC as Middle East Conflict Pressures Oil Markets The United Arab Emirates has announced it will leave OPEC and the broader OPEC+ alliance from May 1, 2026, marking a major break after nearly six decades in the cartel. The move comes on day 60 of the Iran led war in the Middle … Read more
US Grants 30-Day Waiver for India to Buy Russian Oil The United States has issued a temporary 30-day waiver that allows India to purchase Russian oil cargoes that are currently stranded at sea. This move aims to ease immediate pressure on global energy supplies amid ongoing geopolitical tensions. While announcing the decision, US Treasury Secretary … Read more
Bahrain and Saudi F1 Races at Risk Amid Middle East Conflict The Bahrain and Saudi Arabian Grands Prix have faced uncertainty as rising tensions in the Middle East raised safety concerns for Formula 1 personnel and fans. Retaliatory missile strikes by Iran, in response to US-Israeli air operations, have targeted Gulf states, including Bahrain and … Read more
Ayatollah Ali Khamenei Killed in U.S. and Israeli Airstrikes Iran’s top leader, Ayatollah Ali Khamenei, is reported killed after a series of air strikes carried out by forces of the United States and Israel, Iranian state media and several international news organisations have confirmed the news of his death. A senior Israeli official disclosed that … Read more
US-Iran Talks in Oman Sets as War Fears Intensify As diplomatic channels reopen in the Gulf, Iran and the United States are preparing for sensitive negotiations in Oman that could shape the future of regional security. Although both governments said that they want to revive dialogue, sharp disagreements over the scope of the talks that … Read more