WS #6161
No material new developments in the last 30 minutes. The UAE OPEC exit, US chip restrictions on Hua Hong, and AWS-OpenAI partnership remain the dominant narratives with no updates or counter-signals. Oil prices and Hormuz Strait closure persist unchanged.
Key developments
- UAE to leave OPEC and OPEC+ effective May 1, 2026
- US orders halt to chip equipment shipments to two Hua Hong facilities
- AWS and OpenAI expand partnership; OpenAI models now on Amazon Bedrock
- OpenAI misses internal revenue and growth targets
- Shell CEO warns oil and LNG shortages from Hormuz blockade could last months