The US military struck the ports of Qeshm, Bandar Abbas, and the Bandar Kargan point. As a result, Saudi Arabia and Kuwait have restricted US access to bases.
Four UAE tankers turned off their trackers to pass through the Strait of Hormuz. The country is attempting to maintain oil exports despite the threat of Iranian attacks.
The UAE plans to withdraw from OPEC and increase oil production. This will crash global prices and make Russian exports unprofitable due to high production costs.
Saudi Aramco has cut the price of Arab Light crude for Asia by $4 per barrel. The cost remains at record levels due to the war and restrictions in the Strait of Hormuz.
The IOC has suspended the Esports Commission and terminated a 12-year contract with Saudi Arabia. The 2027 Olympic Esports Games have been canceled.
Seven OPEC+ countries will increase production by 188,000 barrels per day in June. This decision is a formality due to the blocking of exports in the Strait of Hormuz.
Abbas Araghchi discussed ending the conflict with Israel and the United States with his foreign counterparts. Iran has conveyed a new proposal to Washington through intermediaries.
Donald Trump stated that the UAE's withdrawal from OPEC would lower fuel costs. However, the market responded with Brent oil prices rising to 2022 record highs.
The German government has approved Boris Ruge as the new Ambassador to Ukraine. Previously, the diplomat served as NATO Assistant Secretary General in Brussels.
Pete Hegseth will testify in Congress for the first time about the war with Iran and the $1. 5 trillion budget. He is accused of waging war without the consent of lawmakers.
Hetmantsev called for the development of the defense industry and arms exports through the Defence City special regime. Ukraine ranked seventh in the world in terms of military spending.
The UAE is leaving OPEC due to the war with Iran and disagreements with allies. This decision will weaken the cartel and help the US lower global oil prices.
President of Ukraine Volodymyr Zelenskyy has arrived in Azerbaijan for talks on security and energy issues. Kyiv and Baku maintain warm relations after the Russian invasion of 2022.
Zelenskyy met with the Crown Prince of Saudi Arabia and agreed on cooperation in exporting security expertise, energy, and food security. Tasks were set for the teams and assessments of the situation in the Middle East were exchanged.
The President will discuss cooperation in the fields of security, energy, and infrastructure. This is Volodymyr Zelenskyy's second visit to the kingdom this month.
The US Army has deployed the Sky Map system in Saudi Arabia to protect against drones. Losses from attacks include E-3G aircraft, KC-135, and AN/TPY-2 radar.
Volodymyr Zelenskyy announced new agreements with India and Bahrain. Cooperation will be based on the experience of teams in Saudi Arabia and Qatar.
The American military has implemented the Ukrainian Sky Map platform to combat drones. Ukrainian specialists are training the US army to detect threats at the base.
The IRGC will attack the oil facilities of its neighbors if their land is used to attack Iran. The fields of the UAE, Saudi Arabia, and other countries are under threat.
Iraqi groups attacked Kuwait airport and facilities in the Persian Gulf. The US warns of new attacks.
Zelenskyy announced a Drone Deal to protect infrastructure and export weapons. Agreements have already been reached with three countries, and 11 more states have expressed their interest.
Zelenskyy announced 10-year agreements with 11 countries on arms export and joint production. Ukraine is also expanding cooperation with EU and Caucasus countries.
Due to oil and gas shortages, Pakistan has been gripped by an energy crisis with prolonged blackouts. The country has become a mediator in peace talks in the Middle East.
Due to the underproduction of 500 million barrels of oil, the global market lost $50 billion. The Persian Gulf countries and the aviation industry suffered the biggest losses.
Egypt is cooperating with Pakistan to create a framework agreement between the US and Iran. Efforts are aimed at stabilizing energy markets and security in the region.
The IEA predicts a reduction in oil consumption due to the blockade of the Strait of Hormuz and rising prices. Supplies have fallen by 9%, and Asia is already experiencing a shortage of raw materials.
Rustem Umerov reported on the requests of Gulf countries and others for Ukrainian expertise, including in air defense and maritime security. Deeper security agreements with partners in Europe are also being prepared.
Oil prices rose as the US Navy prepared to blockade the Strait of Hormuz. Restrictions on Iranian oil exports have brought the market back to triple-digit prices.
Three VLCC class oil tankers passed through the strait thanks to peace talks. The vessels Serifos, Cospirl Lake, and He Rong Hai are heading to Asia.
The cost of Brent and WTI increased due to the halt of tanker traffic and reduced production in Saudi Arabia. Experts predict a price of up to $190 per barrel.
