Trump tells Axios that oil storage facilities and pipelines in Iran are nearing explosion.

Iran implements fuel consumption rationing, with the Oil Minister citing war conditions as the justification for the new restrictions.

The Iranian Oil Minister has announced the implementation of fuel consumption rationing, citing current war conditions as the justification for the measure.

UAE breaks with Saudi Arabia on oil production policy, signaling a shift in Gulf regional power dynamics. The move highlights deepening strategic disagreements between the two major OPEC producers.

The United Arab Emirates has broken from Saudi Arabia on oil production policy, highlighting a growing strategic divergence between the two Gulf nations.

OPEC+ is expected to approve an oil output quota increase of 188,000 barrels per day at its Sunday meeting, excluding the United Arab Emirates' share of 18,000 barrels per day, sources say.

OPEC+ is expected to approve an oil output quota increase of 188,000 barrels per day during its Sunday meeting, excluding the United Arab Emirates' share of 18,000 barrels per day, according to sources.

Algeria reaffirms commitment to OPEC and OPEC+ after UAE exit, according to a statement.

Algeria has stated its commitment to the OPEC and OPEC+ oil production groups following the recent exit of the United Arab Emirates.