International Energy Agency & Yemen

International Energy Agency: The International Energy Agency has reported on the declining share of global oil output by OPEC+ due to production shut-ins and the United Arab Emirates' exit, indicating a weakening of the group's market influence.

Yemen: The conflict in Yemen, where Saudi Arabia and the United Arab Emirates backed opposing factions, contributed to the deepening rift between the two Gulf nations, influencing the United Arab Emirates' decision to leave OPEC.

International Energy Agency: The International Energy Agency lowered its forecasts for global oil supply and demand growth, reflecting the significant disruption caused by the conflict in the Middle East.

Yemen: Houthi rebels in Yemen are mentioned as Iranian-backed proxies, contributing to regional instability, though their direct involvement in the current peace talks is not detailed.

International Energy Agency: The International Energy Agency has warned that Europe has limited jet fuel supplies remaining due to the conflict.

Yemen: Houthi rebels in Yemen are mentioned as Iranian-backed proxies, contributing to regional instability, though their direct involvement in the current peace talks is not detailed.