While the UAE's departure from oil cartel is disruptive, it could also further drive apart Gulf Cooperation Council members, observer says

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+. View on euronews

The United Arab Emirates will leave OPEC next month, in a significant blow to the group that raises questions about its future at a time when the industry is grappling with the massive supply disruption caused by the Iran war. It’s the latest indication of how the conflict is reshaping global energy markets:

U.S. goals haven’t been met, but the war will cause long-term disruptions.

The Trump administration seems unlikely to accept Iran’s offer to end the war and its chokehold on the Strait of Hormuz. The proposal delivered by Pakistan calls for the U.S. to lift its blockade

Talks between Iran and the United States on ending the war seem stalled, despite U_S_ President Donald Trump earlier claiming Iran had informed his administration that it was in a “State of Collapse.”

An April ceasefire between the US and Iran hangs by a thread. While Trump claims negotiations have "come a long way," his recent social media warnings for Iran to "get smart" contradict this. Pakistan prepares to receive a revised Iranian peace proposal this Friday.