The UAE announces its withdrawal from OPEC, with Energy Minister Suhail Al Mazrouei citing national interests amid exceptional circumstances as the primary driver for the decision.
UAE Energy Minister Suhail Al Mazrouei stated that the country's decision to withdraw from OPEC is driven by national interests during exceptional circumstances.
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Military operations impact European fuel pipeline network, German service provider says. The damage occurs as the region faces supply pressures linked to the ongoing war in Iran.
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Oil prices climb above 126 dollars per barrel as Iran continues to enforce shipping restrictions in the Strait of Hormuz affecting the United States and its allies.
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