The shuttered Strait of Hormuz is expected to reopen within days, though conflicting reports suggest the US-Iran memorandum of understanding could be formally signed as early as today, Thursday, or Friday.
• https://www.zerohedge.com, by Evgenia Filimianova
The head of the UAE's state oil company said on May 20 that a major new oil pipeline designed to bypass the Strait of Hormuz is nearly 50 percent complete, as regional tensions and competing maritime controls reshape global energy routes.
In this week's Live from the Vault, Andrew Maguire explains how the UAE's exit from OPEC is accelerating the shift away from oil-backed dollar demand, and why he believes gold is the only asset capable of filling that role as the petrodollar weaken
Abu Dhabi authorities report that a kamikaze drone struck an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in Al Dhafra.
The United Arab Emirates is seeking to build an oil pipeline by 2027 which will enable them to bypass the Strait of Hormuz chokepoint and double their export capacity.
Crypto dot com just received the first-ever Stored Value Facilities license from the UAE Central Bank, making it the first crypto platform approved to process government payments in the country.
Iran launched a series of drone and missile attacks on the United Arab Emirates on Monday, its first direct targeting of the country since early April and raising fresh concerns over the stability of a fragile ceasefire with the United States and Isr
CAUGHT THE OIL mavens on the back foot today. Shock exit. New OPEC 2.0 forming, tilting firmly toward non OPEC nations (Canada, USA et al). UAE desperately needs $ swap lines so extended an olive branch to the Fed.
Scott interviews Matt Wolfson about an article he recently wrote about the United Arab Emirates. Wolfson argues that the US and Israel have helped build up the UAE into a regional power with an increasingly interventionist foreign policy of its own.
The United Arab Emirates has announced it will withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance effective May 1, marking a significant shift in global oil geopolitics and potentially weakening the cart
One month ago, at the start of the war, we said it was surprising that UAE's oil export terminal of Fujairah was not a bigger terminal as it bypasses the Straits completely, and predicted a "major infrastructure push here after the war."
WSJ: UAE preparing to formally enter the war, the first Gulf state to become a combatant lobbying for a UN Security Council resolution authorising force to open the Strait of Hormuz.
Earlier this month, Elbridge Colby, a senior official in the US Department of War, held a call with Saudi Arabian Defense Minister Khalid bin Salman, who is also the brother and top adviser to Crown Prince Mohammed bin Salman. Iran's attacks on US
This is a stunning revelation into the mind of Donald Trump. Just before the inauguration, Trump's crypto company, World Liberty Financial, struck a secret deal with the head of security in the UAE for a 49% stake for $500 million.
France has now decided to send its Charles de Gaulle aircraft carrier strike group to the Eastern Mediterranean to defend the region against the Iranian threat
Two facilities in the UAE directly hit. One in Bahrain damaged. Banks offline. Payments down. AWS telling customers to migrate workloads out of the region entirely.
Sheikh Tahnoon bin Zayed Al Nahyan -- also known as the "spy sheikh" -- is the Gulf nation's national security adviser and manager of its largest wealth fund.