The United Arab Emirates has left the OPEC oil cartel, a move that is not without precedent, raising questions about which country might follow next. This development comes amid discussions about the future of OPEC as an organization.

Oil prices have risen to nearly $120 per barrel, influenced by signals from President Trump regarding an extended standoff in the Hormuz region. Meanwhile, the Federal Reserve is expected to keep interest rates steady as the energy crisis continues to deepen.

In other news, South Africa has deported the son of Robert Mugabe due to unrelated offenses following a shooting incident at his family home. France has advised its citizens to leave Mali after recent rebel attacks.

Additional updates include a stranded whale being transported out of German waters on a barge, and a 70-year-old veteran goalkeeper preparing to return to the pitch for an official game in Spain. The U.S. Pentagon has reported that the Iran war has cost the country $25 billion so far.

In business, Bill Ackman's $5 billion Pershing Square IPO is set to begin trading, testing a vision similar to Berkshire Hathaway's. Paramount CEO David Ellison has expressed a desire to release 30 films annually, though industry history suggests this goal may be unrealistic.

Investors are awaiting the Federal Reserve's decision, with Treasury yields ticking