UAE Quits OPEC After Sixty Years as Iran War Fractures the Gulf's Energy Order

UAE Quits OPEC After Sixty Years as Iran War Fractures the Gulf's Energy Order

From BT Lens On by The Business Times

April 29, 2026 · 5 min · Season 2 · Episode 216

About this episode

The episode discusses the UAE's exit from OPEC amid the Iran war and rising oil prices.

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 --- Follow Lens On Daily and rate us on: Channel: bt.sg/btlenson Amazon: bt.sg/lensam Apple Podcasts: bt.sg/lensap Spotify: bt.sg/lenssp YouTube Music: bt.sg/lensyt Website: bt.sg/lenson Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt…

People in this episode

Host: Claressa Monteiro

Topics covered

  • UAE
  • OPEC
  • Iran War
  • Gulf Energy Order
  • Oil Prices
  • Global Headlines

Keywords

  • UAE
  • OPEC
  • Iran
  • oil prices
  • energy order
  • global headlines

Mentioned in this episode

Organizations: OPEC

Places: UAE, Iran

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