OPEC & Iran
51 shared events · Importance 26 · Last updated May 16, 2026
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International
OPEC: OPEC lowered its forecast for global oil demand growth in 2026 due to the Iran war and the closure of the Strait of Hormuz, impacting its ability to deliver on output increases.
Iran: The war involving Iran has led to the effective closure of the Strait of Hormuz, significantly impacting global oil supplies and prices.
May 13, 2026 · 6 articles
International
OPEC: OPEC+ agreed to a modest oil output hike for June, a move designed to signal readiness to raise supplies once the Iran war stops and to show continuity despite the United Arab Emirates's exit.
Iran: The Iran war, which began on February 28, and the resulting closure of the Strait of Hormuz have throttled oil exports from OPEC+ members, leading to supply disruptions and higher oil prices. Iran's own exports have been cut by a United States blockade.
May 02, 2026 · 31 articles
International
OPEC: OPEC is losing its third-largest producer, United Arab Emirates, which will weaken its leverage over global oil supplies and prices.
Iran: Iran's actions in the Strait of Hormuz, including firing on and seizing ships, have escalated geopolitical tensions and contributed to rising crude oil and gasoline prices. The country is also engaged in stalled negotiations with the United States.
Apr 22, 2026 · 43 articles
International
OPEC: The departure of the United Arab Emirates, one of its largest producers, significantly weakens OPEC's control over global oil supplies and prices, potentially leading to disarray and reduced influence in managing oil markets.
Iran: The ongoing war involving Iran and its threats to the Strait of Hormuz have created an energy crisis that has constrained oil shipments, influencing the United Arab Emirates' decision to leave OPEC and highlighting regional instability.
Apr 28, 2026 · 222 articles
International
OPEC: OPEC increased its oil production quota for June by 188,000 barrels per day, a move intended to demonstrate continuity after the United Arab Emirates' withdrawal and to support oil market stability.
Iran: Iran imposed a blockade on the Strait of Hormuz in response to US-Israeli strikes, significantly disrupting oil trade and limiting the real impact of OPEC quota increases.
May 03, 2026 · 19 articles
International
OPEC: OPEC and OPEC+ are negatively impacted by the United Arab Emirates' decision to quit, exposing discord among Gulf nations and potentially affecting global oil market stability.
Iran: Iran is a primary party in the conflict, facing a US blockade of its ships and sanctions on its banking system. Its proposal for peace talks is at odds with the US demands, and its leadership situation is described as being in a 'state of collapse' by Donald Trump.
Apr 28, 2026 · 47 articles
International
OPEC: OPEC oil output dropped to its lowest in more than two decades in April, as disruption caused by the near-closure of the Strait of Hormuz forced oil producers to cut exports.
Iran: Iran is a central party in the conflict, with its demands and actions, such as shutting down the Strait of Hormuz and responding to peace proposals, directly affecting global oil supply and geopolitical stability. The country faces new sanctions from the United States.
May 11, 2026 · 8 articles
International
OPEC: OPEC oil output fell to its lowest level in over two decades in April due to disruptions linked to the Strait of Hormuz, indicating reduced supply.
Iran: Iran is a key party in the peace talks, with its demands including the removal of a US naval blockade, resumption of oil sales, and war damage compensation. Iran also asserts sovereignty over the Strait of Hormuz.
May 12, 2026 · 6 articles
International
OPEC: The OPEC is affected by the United Arab Emirates' decision to quit the group, which will complicate efforts to balance the oil market through supply adjustments.
Iran: Iran is at war with the United States and Israel, leading to the closure of the Strait of Hormuz, a blockade on its ports, and significant disruption to global oil and commodity flows. There is hope for renewed talks to settle the conflict.
Apr 02, 2026 · 45 articles
International
OPEC: OPEC oil output dropped to its lowest in more than two decades in April due to disruptions caused by the near-closure of the Strait of Hormuz, impacting global oil supply.
Iran: Iran rejected the United States' peace proposal, maintaining its demands including sovereignty over the Strait of Hormuz and compensation for war damage, which led to the fading hopes for a peace deal and continued closure of the Strait of Hormuz.
May 11, 2026 · 22 articles
International
OPEC: The United Arab Emirates' decision to leave the OPEC in late April was partly attributed to its frustration with fellow Gulf states over the Iran conflict.
Iran: Iran launched extensive drone and missile attacks on Gulf states, including the United Arab Emirates and Qatar, in response to US-Israeli strikes, causing significant damage and regional instability.
May 15, 2026 · 6 articles
International
OPEC: The United Arab Emirates decided to withdraw from OPEC, which could have implications for global oil supply and pricing.
Iran: Iran is a central party in the ongoing conflict and peace talks. Its actions, such as restricting movement in the Strait of Hormuz and its nuclear program, are key points of contention. The country faces severe economic fallout due to blockades and sanctions.
Apr 26, 2026 · 104 articles
International
OPEC: OPEC and its allies, known as OPEC+, announced they would raise oil output targets by 188,000 barrels per day in June for seven members, marking the third consecutive monthly increase.
Iran: Iran is actively engaged in military actions against the United States and the United Arab Emirates, firing missiles and drones, and has expanded its claimed control over the Strait of Hormuz. It is also involved in peace talks mediated by Pakistan.
May 04, 2026 · 15 articles
International
OPEC: OPEC, of which Iran is a member, could see reduced crude exports from Iran due to the United States blockade, although Iran may sustain production by storing oil.
Iran: Iran is a central party in the conflict, facing a naval blockade and economic sanctions from the United States. Its actions, including restricting the Strait of Hormuz, have caused major disruptions to global oil and gas supplies and its economy is being destroyed by the blockade.
Apr 08, 2026 · 307 articles
International
OPEC: The United Arab Emirates' decision to exit the OPEC allows it to increase oil output and respond more flexibly to market demands, complementing its pipeline expansion.
Iran: Iran's closure of the Strait of Hormuz and its blockade of Iranian ports have caused significant disruption to global oil and gas supplies, prompting the United Arab Emirates to develop alternative export routes.
May 15, 2026 · 7 articles
International
OPEC: The United Arab Emirates' decision to leave OPEC is expected to boost its oil output, benefiting importing countries like India.
Iran: The ongoing war involving Iran has disrupted global energy markets and transportation in the Gulf, influencing the strategic partnerships formed by other nations in the region.
May 15, 2026 · 6 articles
International
OPEC: Iraq is a top OPEC producer, and its oil revenues are central to the financial system affected by the US actions.
Iran: Iran is a central focus of the US actions, as the measures are aimed at squeezing Iran-backed militias operating in Iraq and reducing Iran's regional influence.
Apr 21, 2026 · 22 articles
International
OPEC: The United Arab Emirates' exit from OPEC is expected to deal a major blow to the cartel, impacting global oil supply dynamics.
Iran: Iran's actions in the Strait of Hormuz, including its effective closure and attacks on tankers, are a primary driver for the United Arab Emirates' accelerated pipeline construction.
May 15, 2026 · 20 articles
International
OPEC: Iran is a member of OPEC, and the tariffs could indirectly affect the global oil market, though OPEC's direct role in this event is minimal.
Iran: Iran is the target of the new tariffs, which will further isolate its economy and exacerbate ongoing anti-government protests. Iran's trade partners will be affected by the tariffs.
Jan 12, 2026 · 8 articles
International
OPEC: OPEC suffered a blow with the departure of the United Arab Emirates, impacting its ability to control oil production and prices.
Iran: Iran has proposed reopening the Strait of Hormuz in exchange for the United States lifting its blockade and ending the war, aiming to alleviate economic pressure while delaying nuclear program discussions.
Apr 27, 2026 · 80 articles
International
OPEC: The United Arab Emirates' decision to leave the OPEC is noted as a sign of emerging strains within the bloc and Abu Dhabi's pursuit of an independent energy policy.
Iran: Iran is mentioned as having conducted strikes against the United Arab Emirates, contributing to regional instability and concerns over oil supplies and maritime trade routes.
May 15, 2026 · 10 articles
International
OPEC: The United Arab Emirates' decision to leave OPEC is mentioned in the context of regional tensions, though the direct impact on the current event is minimal.
Iran: Iran's blockade of the Strait of Hormuz is cited as a factor destabilizing global energy markets, underscoring India's need to secure energy flows.
May 12, 2026 · 27 articles
International
OPEC: OPEC+ is considering a larger-than-planned oil output increase in response to geopolitical tensions, aiming to stabilize oil markets.
Feb 28, 2026 · 7 articles
International
OPEC: OPEC agreed to a modest oil output increase, which is unlikely to calm markets amid supply disruptions.
Mar 01, 2026 · 8 articles
International
OPEC: OPEC+ countries announced an increase in crude production by 206,000 barrels per day in April to mitigate supply concerns arising from the conflict.
Mar 01, 2026 · 6 articles
International
OPEC: OPEC agreed to a modest oil output boost for April, but this is largely insufficient to offset the supply disruptions caused by the Middle East conflict.
Mar 01, 2026 · 42 articles
International
OPEC: OPEC+ agreed to a modest output increase of 206,000 bpd, which is insufficient to offset potential supply losses from the Strait of Hormuz closure.
Feb 28, 2026 · 35 articles
International
OPEC: India is in discussions with the OPEC regarding oil supplies.
Mar 05, 2026 · 6 articles
International
OPEC: OPEC+ agreed to lift oil output quotas, but the impact is limited as key members cannot boost production due to strait closures, indicating the severity of supply disruptions.
Apr 06, 2026 · 33 articles
International
OPEC: Venezuela is a member of OPEC, and the United States' actions to control its oil flows could have implications for the group's dynamics.
Jan 07, 2026 · 6 articles
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