Category: United Arab Emirates

Which Countries Are Profiting From the Iran War Oil Shock

An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’

President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
OPEC Plus, in Symbolic Gesture, to Increase Oil Production

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Why the U.A.E. is Quitting OPEC

The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the U.A.E. to go solo.
Loss of Emirates Further Weakens OPEC’s Influence

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.
Bessent Backs Financial Support for Oil-Rich U.A.E.

The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
The Peace Rally Gets Derailed

Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.

High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
Iran War Showcases Strength of South Korean Defense Sector

Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.