Month: April 2026

OPEC+ agrees to hike oil output, warns of slow recovery after attacks

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are unable to raise production due to the US-Israeli war on Iran. The war has effectively blocked the Strait of Hormuz … Read moreOPEC+ agrees to hike oil output, warns of slow recovery after attacks

Why an attack on Bushehr nuclear plant would be catastrophic for the Gulf

Iran’s only functioning nuclear plant, the Bushehr power plant, has come under repeated attacks in the ongoing Israel and US war on Iran, raising fears of a possible nuclear incident that could prove “catastrophic” across all Gulf countries. The latest attack on the plant came on Saturday, after missiles hit a location close to the … Read moreWhy an attack on Bushehr nuclear plant would be catastrophic for the Gulf

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