Russia says no plans to leave OPEC+ alliance after UAE exit. The statement comes amid a historic supply disruption caused by the Iran war.

The Kremlin reports that the United Arab Emirates did not inform Russia in advance of its decision to withdraw from OPEC and OPEC+.

The Kremlin stated that the United Arab Emirates did not provide advance notice regarding their decision to withdraw from the OPEC and OPEC+ oil alliances.

President Donald J. Trump meets with oil executives at the White House to discuss the implications of the war with Iran. Attendees included Chevron CEO Mike Wirth and senior administration officials.

U.S. President Donald J. Trump held a meeting at the White House with oil executives, including Chevron CEO Mike Wirth, to discuss the implications of the war with Iran.

Oil futures extend gains with US and Brent crude up ~5% on concerns over prolonged Middle East supply disruptions.

Oil futures extended gains as U.S. and Brent crude rose around 5% due to concerns over prolonged supply disruptions in the Middle East.

Iran war squeezes global jet fuel supplies, forces airlines to cancel flights and raise fares

The war in Iran is squeezing global jet fuel supplies, forcing airlines to cancel flights and raise fares and threatening to disrupt summer vacations.