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UAE Quits OPEC After Sixty Years as Iran War Fractures the Gulf's Energy Order
Description
Headline news for April 29, 2026: The UAE quits OPEC after nearly sixty years, effective Friday, as the Iran war fractures the Gulf's energy order and oil surges back above a hundred dollars a barrel. Iran is preparing a revised peace proposal, but President Trump has already signalled the current terms are unacceptable.
Synopsis: A round up of global headlines to start your day by The Business Times.
Written by: Claressa Monteiro (claremb@sph.com.sg)
Produced and edited by: Claressa Monteiro or Howie Lim
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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