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

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 ([email protected])  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: [email protected] 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  WealthBT at: bt.sg/btpropertybt PropertyBT at: bt.sg/btmktfocus BT Money Hacks at: bt.sg/btmoneyhacks BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/podcasts BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.