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April 30, 2026 2:47 PM

Trump welcomes United Arab Emirates exit from OPEC

U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates' move to pull out of OPEC and said he thinks the move could help lower oil prices. "I think it's great," Trump said when asked by reporters at the White House what he thought...

April 30, 2026 10:11 AM

Putin puts forward ideas on Iran in call with Trump, Kremlin says

Vladimir Putin and Donald Trump held a phone call on Wednesday in which the Russian leader put forward ideas on resolving the conflict over Iran’s nuclear programme, a Kremlin aide said. Putin also proposed a repeat of a temporary ceasefire in Ukr...

April 30, 2026 10:13 AM

Iran Rial hits record low as US blockade tightens pressure

Tensions between the United States and Iran continue to escalate, with Washington signalling it is prepared to sustain a naval blockade of Iranian ports for an extended period, even as the financial cost to the US has crossed 25 billion dollars, acco...

April 29, 2026 11:00 PM

Trump urges Iran to sign a deal and discusses prolonged blockade

Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with U.S. oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to "get smart soon" and sign a deal. Tues...

April 29, 2026 3:01 PM

EXPLAINER-What is OPEC+ and how does it affect oil prices?

The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday. The Organization of the Petroleum Exporting Countries and allies, including Russia, are known collectively as OPEC+. Las...

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