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News Reports

UAE announces exit from OPEC+ and OPEC: Read Abu Dhabi’s motives behind the decision and what it means for oil prices and global markets

Shriti Sagar - 29 April, 2026

With Iran itself being a founding member of OPEC, the organisation’s consensus-based system can limit how quickly countries like the UAE respond to such challenges. By exiting OPEC, the UAE now gains more control over its oil policy and can act independently to secure its exports.

News Reports

Donald Trump threatens 100% tariff on Canada over proposed trade deal with China, says “China will eat Canada alive”

OpIndia Staff - 24 January, 2026

US President Donald Trump escalated tensions with Canada on Saturday, threatening to impose a blanket 100% tariff on all Canadian goods entering the United...

News Reports

US sanctions Mumbai-based company, owned by Zair and Zulfikar, for aiding military oil trade of Iran: Details

OpIndia Staff - 22 November, 2025

The US has sanctioned Mumbai-based RN Ship Management and its Indian directors for aiding Iran’s military oil network. Part of a crackdown on Iran’s "shadow fleet," the move aims to cut funding for Tehran’s nuclear program and proxies by targeting covert crude shipments.

News Reports

Amid reports of hurried deal before Trump’s deadline, Piyush Goyal affirms India does not do trade deals based on timeline, will happen only when...

OpIndia Staff - 4 July, 2025

Ahead of Donald Trump’s July 9 deadline for reciprocal tariff, Indian govt has firmly said that the country does not do trade deals based on timeline

News Reports

Trump’s tariff war: US President announces 125% for China, gives 90-day breather for countries including India that have opted for negotiations

ANI - 10 April, 2025

Earlier today, in a retaliatory move, China announced that it would increase its tariff on US goods from 34 per cent to 84 per cent starting April 10, as reported by Al Jazeera.

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