Energy: 1. The UAE withdraws from OPEC. 2. US Treasury Secretary Bessenter: Oil prices should drop significantly after the war. 3. The Trump administration halts wind power approvals, affecting approximately 165 projects. 4. Kuwaiti Oil Minister:

2026-05-04

Energy: 1. The UAE withdraws from OPEC. 2. US Treasury Secretary Bessenter: Oil prices should drop significantly after the war. 3. The Trump administration halts wind power approvals, affecting approximately 165 projects. 4. Kuwaiti Oil Minister: Kuwait's June production is expected to reach 2.628 million barrels per day. 5. Major OPEC oil-producing countries announce production increases for the third consecutive month, deciding to increase daily crude oil production by 188,000 barrels in June. Strait of Hormuz Situation: 1. Israeli media: The US operation in the Strait of Hormuz will begin within hours. 2. Mediterranean Shipping Company (MSC) launches a new route bypassing the Strait of Hormuz. 3. French President Macron: France will not participate in the new US "Hormuz plan". 4. Iranian Armed Forces: All merchant ships and oil tankers must coordinate with the Iranian military before conducting any activities in the Strait of Hormuz. They warned the US military not to approach or enter the Strait of Hormuz. 5. TankerTrackers, a tanker tracking agency: In April 2026, 25 tankers carrying crude oil departed from Iran. Of these, 7 were quickly redirected back to Iran by the United States from the Arabian Sea/Indian Ocean, 2 were seized by the United States in the Indian Ocean, and 1 reached the Far East.