UAE

US Defense Secretary Hegseth confirmed that the Iran ceasefire is currently holding, CBS News reported. However, tensions remain elevated following Iran’s attacks on UAE targets and ships in the Strait of Hormuz. Latest Developments Ceasefire Status: Hegseth confirmed the ceasefire is holding for now Iran Attacks: Iran previously targeted UAE assets and vessels in the Strait of Hormuz US Response: The US has struck Iranian boats in response Diplomatic Dynamics Trump has again criticized Pope Leo’s stance on the Iran conflict, potentially complicating Secretary of State Rubio’s planned visit to the Vatican this week. Trump accused the pope of “endangering lives,” highlighting a divergence between the US administration and the Vatican on Iran policy. ...

Growing rift between UAE and Saudi Arabia intensifies over Iran policy and economic competition.

Indian PM Narendra Modi strongly condemned Iranian drone attacks on the UAE’s Fujairah oil zone, which injured three Indian nationals. India’s MEA called for free and unimpeded navigation through the Strait of Hormuz.

US forces strike Iranian fast boats in the Strait of Hormuz while Iran attacks UAE oil infrastructure. A Maersk US-flagged vessel exits the strait under military escort.

Iran launched its first attack on UAE targets since the early April ceasefire, firing four cruise missiles at Fujairah and hitting an oil facility with a drone, as the U.S. initiated Project Freedom to escort ships through the strait.

OPEC+ holds its first ministerial meeting since the UAE’s surprise withdrawal, attempting to demonstrate unity amid the Strait of Hormuz crisis.

The UAE’s General Civil Aviation Authority announces the full resumption of normal air traffic operations as of May 2, 2026, lifting temporary precautionary measures imposed since the Iran war began on February 28.

The United Arab Emirates announces it will exit the Organization of the Petroleum Exporting Countries, sending shockwaves through global energy markets as US-Iran ceasefire talks remain stalled.

The UAE’s plan to leave OPEC is being viewed as a major blow to the organisation, with one analyst calling it ’the beginning of the end of OPEC.’ We break down how OPEC influences oil prices and what the UAE’s departure could mean.

The UAE will leave OPEC and OPEC+ next month, ending nearly 60 years of membership in what analysts describe as a major blow to the cartel.