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Geopolitics

What might the effects be of Russia staying in OPEC+ after the UAE's exit?

MOSCOW, April 29 (Reuters) - Russia plans to stay in OPEC+ despite a decision by the United Arab Emirates to leave, the Kremlin said on Wednesday, voicing hopes the alliance of oil producers would continue to operate amid turmoil in the global energy market. The UAE said on Tuesday it would quit the Organization of the Petroleum Exporting Countries, dealing a blow to the group as an energy crisis triggered by the Iran war has exposed rifts among Gulf nations. The UAE ​was the fourth-largest producer in OPEC+, while Russia is second, behind Saudi Arabia

Global
Geopolitics

What does the status of the Strait of Hormuz mean for our trade and safety?

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: Iran says the Strait of Hormuz is open — but there’s no peace deal yet, and there are plenty of unanswered questions. Here’s what we […]

Global