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The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s pressing needs,” the UAE energy ministry said in a statement.

A number of tankers and cargo ships did try to exit the strait Friday via the route designated by Iran around Larak Island but they suddenly turned back, said Matt Smith, director of commodity research at Kpler. “They’ve clearly not been given approval to pass through,” Smith said. Commercial ships must follow a route designated by Tehran and coordinate with its military, a source close to Iran’s Supreme National Security Council told Tasnim News. Ships are not allowed to pass if they or their cargoes are linked to hostile nations, according to the Tasnim report. It is “unclear whether there’s...

Oil surged 10% Thursday as U.S. President Donald Trump warned of further military aggression against Iran in the next two to three weeks, dampening hopes for an imminent de-escalation in the conflict. U.S. West Texas Intermediate crude futures for May were up 10% at $110.21 a barrel as of 8:13 a.m. ET. June futures for international benchmark Brent crude rose 8% to $109.25 per barrel. Trump in his speech attributed the increase in oil prices to the “Iranian regime launching deranged terror attacks against commercial oil tankers and neighboring countries that have nothing to do with the conflict.” He said...

The Trump administration on Wednesday waived regulations on the types of gasoline that are sold during the summer in an effort to ease surging fuel prices during the Iran war. The Environmental Protection Agency issued an emergency waiver to lift restrictions on the sale of E15 gas, a fuel blended with 15% ethanol. The sale of E15 is restricted from June through September due to regulations designed to reduce air pollution. The EPA also issued a waiver to remove all federal impediments to selling E10 gas, which is blended with 10% ethanol. The waivers will take effect on May 1.

As External Affairs Minister S. Jaishankar prepares for crucial talks with Russian Foreign Minister Sergey Lavrov in Moscow, India finds itself at the centre of a diplomatic storm. President Trump has unleashed his most aggressive economic assault on India in recent memory, wielding tariffs and sanctions as weapons to force New Delhi away from its Russian partnerships. The pressure campaign began in August 2025 with sweeping 25% tariffs on Indian exports, later doubled to 50% specifically targeting Russian oil imports. For a nation whose economic planners depend heavily on US markets, this represents a devastating blow. Nearly 70% of India's...

Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from cheap Russian oil imports during the war in Ukraine, describing the practice as "arbitrage" and condemning it as unacceptable. "They are just profiteering. They are reselling," Bessent told CNBC's "Squawk Box" in an interview. "This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product." "They've made $16 billion in excess profits — some of the richest families in India," Bessent said.

Since the Emerson College July national poll, President Donald Trump has tightened the presidential race to a two-point margin, and is now trailing former Vice President Joe Biden 49% to 47%. In July, former V.P. Joe Biden held a four-point lead over President Trump –– 50% to 46%. Spencer Kimball, Director of Emerson College Polling explains “the Republican convention gave Trump his most positive week of news coverage which likely attributes to his bounce in this month’s poll and increasing job approval.” Voters planning to vote early in person are breaking for Trump 50% to 49% while those who plan...

Edward Markey appears headed for a bruising defeat unless he can turn around his struggling campaign in the next two months — a difficult ask for a 73-year-old incumbent running against a well-funded young heir to a political dynasty. The latest developments are not good for Markey — and we’re not even talking about his staggeringly stupid decision to pose on his porch with an American flag on the floor. Democratic sources say two new polls in separate congressional districts show Markey trailing U.S. Rep. Joseph P. Kennedy III by double digits. One of the polls was from a Democratic...

Forty-three percent of likely voters would back Bloomberg if the election were held today, compared to 37% who would vote for Trump.

“We are talking to China, the meetings in September, that hasn’t changed,” Trump told reporters Sunday on the White House South Lawn after returning from Camp David. Tariffs went into effect early Sunday on $112 billion of Chinese imports. The 15% tariffs cover a wide range of consumer goods, including everything from certain types of clothing and shoes to some consumer electronics like cameras and desktop computers.

» In July 1974, the NAACP filed a suit against the Boy Scouts of America on the grounds that in LDS troops ... the deacons quorum president was automatically the patrol leader, meaning that an African-American Scout could not gain patrol leader experience. When the church realized the inappropriateness of such restriction ... it dropped the policy and the court dismissed the suit. President [Spencer] Kimball had been subpoenaed to appear for deposition and bring "all church records and writings concerning the policy and position of the church regarding blacks." He felt greatly relieved at avoiding that burden and the...