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US likely to benefit as UAE shifts oil strategy away from OPEC, experts say

UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.

Pumps at a gas station

Carney, ‘strong and resolute’ in first year, now has to deliver on promises

Canada’s prime minister has used Trump’s attacks on allies and others to refocus Ottawa’s foreign policy.

FILE PHOTO: Canada's Prime Minister Mark Carney makes an announcement at the new and currently under construction Embleton Community Centre and Park, in Brampton, Ontario, Canada, April 7, 2026. REUTERS/Carlos Osorio/File Photo

As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’

With the two sides locked in a standoff, oil prices have continued to soar.

IRGC 1

Energy prices may take ‘months’ to normalise, despite ceasefire: Analysts

There needs to be a predictable and stable flow of cargo through the strait before markets can stabilise, experts say.

A ship waits to pass through the Strait of Hormuz

Shutdown of Hormuz Strait raises fears of soaring oil prices

Consumers are set to pay higher prices, but US producers could benefit, analysts say.

epa12787005 A vessel is seen anchoring off the coast of Dubai, United Arab Emirates, 01 March 2026. Following a joint Israel-US military operation targeting multiple locations across Iran in the early hours of 28 February 2026 and Iran's retaliatory attacks across the region, many ships are anchored as Iran threatened to close the Strait of Hormuz, where hundreds of ships carrying oil pass daily, potentially affecting worldwide trade. EPA/STRINGER

Canadian PM Carney heads to India on ‘significant’ trip to consolidate ties

Carney’s trip comes at a time when he’s looking for new markets for Canadian exports to diversify from the US.

Canadian Prime Minister Mark Carney looks on during a joint news conference with European Commission President Ursula von der Leyen and European Council President Antonio Costa, during an EU-Canada summit in Brussels, Belgium June 23, 2025. REUTERS/Gonzalo Fuentes

Trump promises new tariffs, slams Supreme Court decision

Supreme Court blocks Trump’s emergency tariffs, but he plans to invoke other laws to maintain and raise tariffs.

President Donald Trump walks up to the podium to speaks with reporters in the James Brady Press Briefing Room at the White House, Friday, Feb. 20, 2026, in Washington. (AP Photo/Alex Brandon)

Facing a mercurial Trump, countries scramble to forge new alliances

Countries are increasingly setting aside old grudges to lessen their reliance on Washington.

Trump

Is Trump’s choice for US Fed chair a ‘chameleon’ or a ‘solid’ pick?

Experts vary in their views on Kevin Warsh, Trump’s nominee to replace Jerome Powell as head of the US central bank.

FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan Mcdermid/File Photo

The US economy seems strong after a year of Trump, but is it really?

While economic growth is strong, the gap between the haves and have-nots is widening.

US President Donald Trump holds a chart