The UAE announced its withdrawal from OPEC and OPEC+, amidst global energy market turmoil caused by the Iran war and the impact of Trump's peace agreements.

4 reports, 4 independent Updated Jun 26

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Reports: 4
Developments: 4
Repetition: 25%

New informationRepeats or wire copies

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What happened

Well supportedReported by 4 independent outlets

The UAE announced its withdrawal from OPEC and OPEC+, amidst global energy market turmoil caused by the Iran war and the impact of Trump's peace agreements.

Who's involved

What this event is mainly about

UAE Middle East Iraq

How it developed

Newest first. Tap a step to see who reported it.

Jun 25UAE exit and Iran blockade are impacting OPEC and causing strain on Iraq.1 source
- thehindu.com
Jun 25Iraq's threat to leave OPEC weakens the cartel's price defense.1 source
- zerohedge.com
Jun 20US and Iran signed an interim peace agreement, clearing way for Saudi, Iraq, and UAE oil output.Sub-event
Jun 19UAE leaves OPEC amid Iran war fallout and Trump agreement impacts.1 source
- peakoil.com

Keep exploring

Part of

Trump made remarks reflecting US influence in the Middle East, supported by JD Vance, during a meeting scheduled in Switzerland. All 2 developments

Within The Executive branch, led by Donald Trump, is pushing through appointments and policy decisions.

The entities involved

UAE
computer emulator which emulates the hardware of Commodore International's Amiga range of computers
- The UAE issued a strategic directive mandating the conversion of 50% of its government operations to Agentic AI.Mon 17:50
- SEBI initiated an investigation into the financial reporting of Rajesh Exports, which utilized a Switzerland-based subsidiary.Mon 16:02
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
- Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
Iraq
sovereign state in Western Asia
- Basra hosts the Grand Faw Port project, serving as a key transit hub for trade routes connecting China and Europe.Mon 17:06
- Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.Mon 16:22

Related events

Iran's actions have led to the United Arab Emirates cutting all trade due to regional instability.Aug 19

Coverage

Newest first; wire copies grouped

Jun 26cnbc.com
Jun 25thehindu.com
Jun 25zerohedge.com
Jun 19peakoil.com