United Arab Emirates
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.
The U. S. is withdrawing 5,000 troops from Germany due to a conflict between Trump and Merz. NATO is examining the details of the decision and calling on Europe to strengthen its own security.
The US State Department has approved the sale of $8. 6 billion worth of weapons to the Middle East, bypassing Congress. The decision was justified by an emergency situation due to the conflict with Iran.
Israel has provided the UAE with Spectro systems and the Iron Beam laser for protection against Iranian attacks. This marks the first instance of large-scale defense cooperation between the two countries.
Brent price rose to $126 due to a potential resuming of the conflict between the US and Iran. Trump is reviewing military plans and maintaining the blockade of the Strait of Hormuz.
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 price of a Brent barrel has risen to $120 for the first time since 2022 amid the naval blockade of Iran. The UAE announced its withdrawal from OPEC due to the escalation of the conflict.
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.
Paramount is raising $24 billion from Arab funds to acquire Warner Bros. Discovery. The foreign stake in the company could reach 49.5%.
The US condemned Iran's election as vice president of the UN nuclear conference. Tehran called the allegations groundless and accused Washington of exerting pressure.
Ukraine and Latvia have signed an agreement on mutual recognition of driver's licenses without exams. This is the sixth such agreement, important for Ukrainians abroad due to the war.
193 Ukrainian soldiers were released from Russian captivity, some of whom were held in Chechnya. The fighters are being provided with medical assistance.
New restrictions cover 20 banks, 46 shadow fleet vessels, and digital ruble operations. Companies from China and the UAE were sanctioned for assisting the military-industrial complex.
US partners in Asia and the Persian Gulf need dollar liquidity. The UAE may receive separate support to stabilize financial markets.
An Iranian boat fired upon the container ship Epaminondas in the Strait of Hormuz. The vessel remains under the captain's control, and the crew, including Ukrainians, was unharmed.
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.
The Bureau of Economic Security has opened cases against 5 airlines, interpreting aircraft leasing as royalties. This contradicts international conventions and practice.
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 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.
Pakistani vessel Shalamar transported 450,000 barrels of oil from the UAE after the start of the American blockade. Movement through the strait remains critically restricted.
The State Tax Service (STS) under the leadership of Tetiana Kiriyenko enabled the Bureau of Economic Security (BES) to equate aircraft leasing with royalties and open cases against airlines. This threatens double taxation, losses for airlines, and the complete destruction of the civil aviation industry.
The IRGC bought the TEE-01B device to monitor military facilities in the Middle East. China denies the deal and threatens countermeasures in case of new sanctions.
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.
Wang Yi stated the harm caused by the blockade of the Strait of Hormuz to the global community. Beijing calls for maintaining the fragile ceasefire between the US and Iran.
The BEB (Bureau of Economic Security) is persecuting airlines, believing that aircraft leasing operations should be taxed as royalties. Experts consider such fiscal pressure unfounded and emphasize a flawed interpretation of the legislation.
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.
The US begins intercepting ships in the strait after the failure of negotiations in Islamabad. Naval forces will ensure the route is open for tankers.
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.