Oil Price Surge: Iran Conflict Rattles Florida’s Boating Industry
Global oil price hikes, triggered by the ongoing Iran conflict and rejected peace deals, are severely impacting boat operators in the Florida Keys.
Energy Market
UAE Announces Exit from OPEC and OPEC+ Starting May 1
The UAE will leave OPEC and OPEC+ on May 1, 2026, seeking flexibility to meet growing global energy demand amid regional export risks.
Russia Extends Gasoline Export Ban Until End of 2024
Russia has extended its temporary ban on gasoline exports until the end of 2024 to maintain domestic market stability amid increased seasonal demand and refinery repairs.