Petroleum & United Arab Emirates
62 shared events · Importance 22 · Last updated May 15, 2026
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International
Petroleum: The withdrawal of United Arab Emirates from OPEC could lead to increased supply of Petroleum in the medium term, potentially putting downward pressure on prices, though short-term effects are uncertain due to geopolitical tensions.
United Arab Emirates: The United Arab Emirates' decision to leave OPEC and OPEC+ is a strategic move to gain autonomy over its oil production and foreign policy, potentially increasing its global market share and strengthening ties with the United States and Israel, but also deepening its rift with Saudi Arabia.
Apr 28, 2026 · 222 articles
International
Petroleum: Petroleum prices jumped due to the US-Iran clashes in the Strait of Hormuz, reversing recent declines and reflecting increased geopolitical risk.
United Arab Emirates: The United Arab Emirates has been subjected to multiple drone and missile attacks from Iran, causing damage to an oil facility and injuring Indian nationals. The United Arab Emirates considers these attacks a dangerous escalation.
May 04, 2026 · 46 articles
International
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
United Arab Emirates: The United Arab Emirates, as a Gulf Arab country, experienced significant crude production losses and a sharp decline in jet fuel exports.
Apr 08, 2026 · 307 articles
International
Petroleum: Petroleum prices fell due to hopes of a deal to reopen the Strait of Hormuz, directly impacting global energy markets.
United Arab Emirates: The United Arab Emirates reported missile and drone attacks from Iran, indicating the broader regional impact of the conflict and the fragility of the ceasefire.
May 04, 2026 · 139 articles
International
Petroleum: Global supplies of Petroleum are significantly affected by the instability and attacks in the Strait of Hormuz.
United Arab Emirates: The United Arab Emirates was accused by Iran of direct involvement in military operations and was targeted by missiles and drones. It also blocked parts of the BRICS joint statement.
May 15, 2026 · 7 articles
International
Petroleum: US crude oil futures fell below $100 per barrel after the announcement of a pause in 'Project Freedom', reflecting market reaction to potential de-escalation in the Strait of Hormuz conflict.
United Arab Emirates: The United Arab Emirates reported intercepting missiles and drones from Iran, calling the attacks a dangerous escalation and urging efforts toward a political solution.
May 06, 2026 · 31 articles
International
Petroleum: Global prices for Petroleum have surged due to disruptions in the Strait of Hormuz caused by Iran's actions.
United Arab Emirates: The United Arab Emirates has sparred with Iran over alleged attacks on its energy infrastructure, contributing to the lack of consensus on the West Asia conflict within BRICS. The United Arab Emirates joined BRICS in 2024.
May 12, 2026 · 6 articles
International
Petroleum: Global oil prices have surged due to Iran's virtual blocking of the Strait of Hormuz, impacting global energy supply chains.
United Arab Emirates: The United Arab Emirates has had differences with Iran over alleged attacks on energy infrastructure, which stalled consensus on the West Asia conflict within BRICS.
May 13, 2026 · 14 articles
International
Petroleum: Petroleums jumped 5% due to renewed concerns about the continued blockage of the Strait of Hormuz, which has already cut off a significant portion of global oil and gas shipments, leading to a 50% or more increase in prices.
United Arab Emirates: The United Arab Emirates accused Iran of attacking an empty crude oil tanker belonging to ADNOC with drones, highlighting the ongoing hostilities in the region.
May 04, 2026 · 6 articles
International
Petroleum: Petroleum prices spiked due to Donald Trump's reaction to Iran's counteroffer and Iran's restrictions on the Strait of Hormuz, contributing to a global energy crisis.
United Arab Emirates: The United Arab Emirates received Iron Dome air defense batteries and personnel from Israel during the war, indicating its involvement in regional defense against Iranian threats.
May 12, 2026 · 6 articles
International
Petroleum: Global petroleum shipments are severely disrupted by the standoff in the Strait of Hormuz, leading to increased prices and economic fallout.
United Arab Emirates: The United Arab Emirates experienced renewed attacks from Iran, causing oil loading at the port of Fujairah to be halted.
Apr 26, 2026 · 104 articles
International
Petroleum: Petroleums have soared by 50% or more due to Iran's blockade of the Strait of Hormuz, with further volatility expected from the US military intervention.
United Arab Emirates: The United Arab Emirates accused Iran of attacking one of its crude oil tankers, further escalating tensions in the region.
May 04, 2026 · 7 articles
International
Petroleum: Petroleum prices surged significantly due to the rejection of the peace proposal and the continued paralysis of shipping through the Strait of Hormuz, indicating market instability.
United Arab Emirates: The United Arab Emirates intercepted two drones coming from Iran, indicating continued regional tensions.
May 10, 2026 · 35 articles
International
Petroleum: Global oil supplies have been significantly disrupted by the Iran war, leading to surging gasoline prices in the U.S.
United Arab Emirates: The United Arab Emirates reported a drone and missile attack, further straining the ceasefire in the Iran war.
May 08, 2026 · 8 articles
International
Petroleum: The price of Petroleum has soared due to the closure of the Strait of Hormuz and reduced Middle East output, leading to revised demand forecasts.
United Arab Emirates: The United Arab Emirates left OPEC on May 1, and its output figures were included in the April OPEC+ crude production data.
May 13, 2026 · 6 articles
International
Petroleum: The conflict and the closure of the Strait of Hormuz have significantly impacted global petroleum supplies and prices, leading to market volatility.
United Arab Emirates: Pakistan used part of its new loans to repay a USD 3.5 billion loan taken from the United Arab Emirates.
Apr 08, 2026 · 702 articles
International
Petroleum: The Iran war has caused spiking gasoline prices and increased costs for petroleum-derived products, as crude oil is a fundamental component for fuel and over 6,000 consumer products.
United Arab Emirates: The United Arab Emirates, a key American ally, came under Iranian drone and missile attack, despite a ceasefire.
Apr 22, 2026 · 43 articles
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