UAE news, events & figures

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Iran’s new Hormuz map shows why the strait remains its key leverage

Iran’s Revolutionary Guard released a new Hormuz map as tensions rise over U.S. efforts to reopen a crucial route for global oil and gas trade.

UAE’s Opec exit tests the cartel’s grip on oil supply

The UAE is quitting Opec after nearly 60 years, a break that could weaken the cartel’s control over oil supply and prices once Gulf shipping stabilises.

Bessent defends potential dollar swap lines for Gulf and Asian allies

Treasury Secretary Scott Bessent defended potential U.S. dollar swap lines with Gulf and Asian allies as the Iran war strains regional economies.