Saudi Arabia posts $33.5bn budget deficit amid drop in oil sales | Business and Economy News
Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz. Published On…
Iran warns US to stay out of Hormuz after Trump says US will ‘guide’ ships | US-Israel war on Iran News
Iran’s military has warned the United States Navy to stay out of the Strait of Hormuz after President…
What is the Ukrainian anti-drone system Sky Map being used in the Gulf? | US-Israel war on Iran News
Cheap, mass-produced one-way drones have played a major role in the conflict between the United States, Israel and…
The Big OPEC Shakeup Is About a Lot More Than Oil
A commercial vessel off the coast of Dubai on April 20. Photo-Illustration: Intelligencer; Photo: Getty Images In a…
Oil Prices Stay High as Geopolitics Trump OPEC+ Output Hike
OPEC+ agreed to raise its output targets for June 2026 by 188,000 barrels per day, aiming to stabilize…
Iran briefing: Details on Iran’s 14-point peace plan, a shift in Gulf power politics and eyes back on Gaza
Hi, I’m ABC Global affairs editor Laura Tingle and I’m in Jerusalem. This is our weekly update on…
OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The oil cartel known as OPEC Plus agreed on Sunday to step up output next month by a…
It does not make sense to invest more Arab resources in a US alliance | US-Israel war on Iran
For decades, Gulf states operated under the assumption that their most important strategic partner was the United States.…
OPEC+ announces symbolic oil output rise during Strait of Hormuz closure | US-Israel war on Iran News
The seven major producers, including Saudi Arabia, will add 188,000 barrels per day to their total production quota…
World’s richest family – worth more than both Elon Musk and Bill Gates | World | News
The world’s richest royal family is so wealthy it has a fortune bigger than the likes of Bill…
OPEC+ set for another oil output quota hike despite Hormuz closure
OPEC+ has agreed in principle to raise oil output targets in June, two sources familiar with the group’s…
UAE exit from OPEC — How will it impact crude prices, market dynamics, oil cartel’s future and geopolitics?
The United Arab Emirates (UAE) announced its decision to leave the Organisation of the Petroleum Exporting Countries (OPEC)…