OPEC shake-up impacts oil prices due to UAE withdrawal and Iran war disruption

The UAE's decision to leave OPEC has caused significant volatility in oil markets, compounding existing pressures from the 2026 Iran war that disrupted oil flow through the Strait of Hormuz. This has led to rising oil prices and increased gas costs for consumers.

By Tobi Opeyemi Amure Wed, April 29, 2026 at 2:59 AM GMT+3 6 min read · Yahoo Finance · April 28, 2026, 23:59 UTC

OPEC shake-up impacts oil prices due to UAE withdrawal and Iran war disruption

Topics: Iran war oil prices OPEC Strait of Hormuz supply chain disruption

Read the full article at Yahoo Finance

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