Middle East Conflict: Strait of Hormuz Blocked, UAE Exits OPEC, Panama Canal Traffic Rises

The ongoing conflict involving the US, Israel, and Iran continues to impact global energy security, with the Strait of Hormuz remaining blocked. This situation has reportedly led to the United Arab Emirates' withdrawal from OPEC and a significant increase in maritime traffic through the Panama Canal. US President Trump is said to be considering an Iranian offer to unblock the strait in exchange for postponing nuclear negotiations. Meanwhile, reports indicate substantial casualties from Israeli operations in Lebanon since March.