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#oil crisis hormuz

2 articles with this tag

UAE Abandons OPEC in Historic Decision That Shakes the Global Oil Market

The UAE announced its exit from OPEC and OPEC+ amid the Strait of Hormuz crisis and US-Iran war, shaking the global oil market.

⏱️ 4 min📅 2026-04-30

Geopolitics

Brent at $150: Hormuz and the Energy Collapse

Physical dated Brent hit $150 per barrel as Strait of Hormuz closed. IEA classified it as worst crisis since 1973. Ships rerouted around Cape of Good Hope.

⏱️ 9 min📅 2026-04-08