TRUMP HALTS U.S. BOMBING OF HOUTHIS, CITING CEASEFIRE PLEDGE THAT THE HOUTHIS DENY

09 MAY 2025 President Donald Trump announced Tuesday that the United States will cease military operations against Houthi forces in Yemen, claiming the Iran-aligned group agreed to a ceasefire against U.S. ships in vital Middle Eastern shipping lanes. However, senior Houthi leadership immediately contradicted some of Trump’s claims and vowed …

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OPEC+ TO FURTHER SPEED UP OIL OUTPUT HIKES

06 MAY 2025 OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets in April by agreeing a bigger-than-expected output …

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