What We’re Watching - 4 May 2026

This week on What We’re Watching, we break down three major geopolitical shifts that could reshape global power dynamics.

First, the United Arab Emirates signals a decisive break from OPEC, exposing a growing rift with Saudi Arabia and raising questions about the future of oil markets. Is this the beginning of the end for coordinated oil control?

Second, China moves to scrap tariffs for African nations, deepening its economic grip on the continent and accelerating its competition with the United States for influence across the Global South.

Finally, we examine Ukraine’s expanding drone war against Russia. With long-range strikes targeting critical energy infrastructure deep inside Russian territory, is Kyiv gaining the upper hand in the air—even as the ground war stalls?

From energy markets to great power competition and the future of warfare, these are the stories shaping the world right now.

Chapters:

00:00 – Intro 00:10 – UAE Breaks with OPEC 01:48 – China Scraps Tariffs for Africa 02:52 – Russia vs Ukraine: The Drone War

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