Hormuz Rhetoric Rises, but Markets Price Calm

Hormuz Rhetoric Rises, but Markets Price Calm

The Setup Headlines out of the Gulf are tense again. Reporting on July 11 highlighted renewed Iran-US rhetoric with Hormuz shipping back in focus, following an exchange of attacks and threats, though analysts quoted in that coverage noted the door to diplomacy remains open. In a quarter where the Strait of Hormuz has repeatedly resurfaced … Read more

UAE’s OPEC Exit Shifts Gulf Power Balance, Oil Price Ceiling

The United Arab Emirates’ withdrawal from OPEC, effective immediately, marks the cartel’s most significant defection since Qatar in 2019—but this time the geopolitical and market implications run deeper. With 3.2 million barrels per day of current production capacity and credible plans to reach 5 million bpd by 2027, the UAE isn’t leaving to protest policy. … Read more