UAE exiting US-led maritime coalition signals shifting geopolitical dynamics
The withdrawal of the United Arab Emirates from a US-led maritime coalition last week and the announcement of a new regional coalition between UAE, Iran, Oman, and Saudi Arabia this…
Oil Up $1 After Saudi Pledges Production Cuts
Oil prices rose by around $1 per barrel on Monday after Saudi Arabia announced it would cut production by a further 1 million per day from July. Brent crude futures…
Saudi oil goes expensive
Saudi Arabia will raise oil prices to all regions in July, according to the state-run company, Saudi Aramco. The cost increase will be most significant for the United States and…
Signs of de-dollarisation emerging
JPMorgan’s strategists Meera Chandan and Octavia Popescu at the Wall Street bank laid out that while overall dollar usage remains within its historical range, its usage was more “bifurcated under…