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Iran's UN envoy Amir Saeid Iravani criticized a draft UN Security Council resolution submitted by the US and Bahrain as 'deeply flawed' and 'politically motivated.' The resolution, which has 112 co-sponsors, aims to protect freedom of navigation in the Strait of Hormuz and calls on Iran to end attacks on Gulf countries.
The United States is urging UN Security Council members to back a resolution demanding Iran halt attacks and mining in the Strait of Hormuz, but Russia and China are expected to veto. Moscow has called on Washington and Bahrain to withdraw the draft, while a rival Russian-Chinese text remains on the table.
A Washington Post investigation, as reported by The Jerusalem Post, found that Iranian strikes have damaged or destroyed at least 228 structures and equipment at 15 US military sites across the Middle East. Separately, Al Jazeera reported a CSIS estimate of equipment losses between $2.3 billion and $2.8 billion, while TASS cited unnamed US officials and a New York Times report to describe potential withdrawals and a troop increase.
Iran reiterates that freedom of shipping through the Strait of Hormuz will only be restored after US and Israeli threats to the Islamic Republic are eliminated. As Washington pauses its escort operation pending talks, Tehran warns ships to use Iranian corridors, while Lithuania conditions its participation in a maritime coalition on a peace deal.
The US and Iran exchanged attacks in and around the Strait of Hormuz, with Washington launching 'Project Freedom' to reopen the waterway and Tehran accusing the US of reckless military action. The UAE reported intercepting Iranian missiles and drones, while the US said it sank six Iranian boats. Both sides deny each other's accounts of the clashes.
Iranian missile and drone strikes on the UAE, targeting civilian infrastructure including the Fujairah energy hub, have drawn widespread international condemnation. Saudi Arabia, Qatar, France, Germany, and other nations called for de-escalation and a return to diplomacy, while Iran defended the attacks citing US military actions.
An explosion and fire aboard the HMM Namu, a Panama-flagged bulk carrier, in the Strait of Hormuz was extinguished with no injuries among the 24 crew members. The cause remains under investigation, with South Korean officials expecting a multi-day analysis. Iran has denied any military involvement, while U.S. President Trump suggested Tehran had taken shots at the vessel.
The UAE said its air defenses intercepted a barrage of Iranian missiles and drones on May 4, 2026, while a drone strike sparked a fire at the Fujairah oil zone, injuring three Indian nationals. The attack came amid a fragile US-Iran ceasefire and heightened tensions over the Strait of Hormuz.
An Indian foreign ministry spokesperson reported that eleven Indian vessels have safely transited the Strait of Hormuz since the outbreak of the Middle East crisis, while at least 22 Indian-flagged ships remain in the area, 20 of which are vital for India's energy security. The report comes amid heightened regional tensions following the US-Israel military operation against Iran and Tehran's closure of the strait to certain nations.
Iran has issued a new 14-point peace proposal, but US President Donald Trump rejected it as 'not acceptable.' Meanwhile, ongoing naval clashes in the Strait of Hormuz and shifting Gulf alliances highlight the fragile state of the region.
OPEC+ agreed on Sunday to raise its collective production quota by 188,000 barrels per day for June, a move widely described as largely symbolic given ongoing disruption of Gulf oil exports through the Strait of Hormuz. The decision came days after the United Arab Emirates formally left the group, and analysts say it signals continuity rather than any real change in physical supplies.
Seven key OPEC+ members have decided to increase oil output quotas by 188,000 barrels per day in June, aiming to accelerate compensation for past overproduction. Tatneft's CEO said the company expects and has the capacity to produce more than last year, subject to OPEC+ limits.
Middle Eastern governments are reviving proposals for overland pipelines and new rail-sea corridors as wartime disruptions threaten the Strait of Hormuz and Red Sea. Led by Saudi Arabia, Turkey, and the UAE, these efforts aim to link the Indian Ocean to the Mediterranean, with Syria positioning itself as a potential energy hub.
Key OPEC+ members, including Russia and Saudi Arabia, are set to discuss June oil production targets at a monthly online meeting. The talks come amid the UAE's withdrawal from the group and reports of a planned output increase.
The UAE officially left OPEC and OPEC+ on May 1, ending nearly six decades of membership. The decision, attributed to national interests and long-simmering quota disputes, underscores a deepening rift with Saudi Arabia and rising tensions among Gulf states amid the Iran war. Analysts see the move as a significant blow to the cartel’s cohesion.
US President Donald Trump described US Navy operations seizing Iranian oil tankers as 'like pirates,' calling it 'a very profitable business.' Iran's UN envoy accused Washington of 'state piracy,' and Tehran's military adviser warned of consequences. The US maintains a blockade of Iranian ports, while Iran has blocked the Strait of Hormuz.
Iranian envoys have reiterated Tehran's preference for diplomatic engagement with Washington, even as they rejected European naval deployments near its coast and asserted that the US 'lost' on the battlefield, as reported by TASS.
The United Arab Emirates has officially left OPEC and OPEC+ effective May 1, 2026, a move reported across multiple outlets as a response to ongoing regional conflicts and a shift toward national energy priorities. The decision comes amid significant disruptions to oil flows through the Strait of Hormuz due to the US-Israel war with Iran, with some sources suggesting the move is a rebuke to neighboring states. The UAE has also left OAPEC but remains a member of the Arab League, according to an official statement.
President Trump said new US strikes on Iran depend on ongoing negotiations, while Tehran warns it is prepared for any scenario and could expand the conflict beyond the Middle East if attacked again. Washington’s counterterrorism strategy signals continued military pressure, even as diplomatic efforts remain stalled.
Russia has said it will not follow the United Arab Emirates out of OPEC+ and hopes the format will continue despite the UAE's decision to leave. Kremlin spokesman Dmitry Peskov stressed the importance of dialogue in balancing global energy markets and said Moscow would keep contacts with the UAE on energy issues.