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US President Donald Trump stated on May 1, 2026 that only a small group, including himself, knows the true status of negotiations with Iran. The remarks come amid ongoing talks over Iran's nuclear program and joint US-Israeli military operations. Tehran has not yet officially responded.
Pakistan's fuel import costs have surged due to the Middle East conflict, threatening chain reactions across the economy and putting pressure on Prime Minister Shehbaz Sharif's government. The country faces soaring inflation, debt pressures, and limited options amid IMF scrutiny.
The U.S. Federal Reserve maintained its benchmark interest rate at 3.5-3.75% during Chair Jerome Powell's final policy meeting, citing inflationary pressures from the Middle East conflict and a sluggish labor market. The decision was widely expected, with 100% of investors forecasting no change.
The United Arab Emirates has announced it will leave OPEC after decades of membership, a move aimed at pursuing independent economic policies and reshaping Gulf oil politics. The exit follows years of tensions over OPEC's output limits as the UAE sought to boost production capacity. The decision comes amid the US-Israel war with Iran, which has disrupted Gulf oil exports through the Strait of Hormuz.