Finance
Oil Jumps Above $110 as UAE Decides to Exit OPEC Amid Iran War
Oil eased from intraday highs after the United Arab Emirates announced a historic decision to exit OPEC, nine weeks into the US–Israel war on Iran that has reshaped global oil flows and cut off millions of barrels per day of Middle Eastern supply from the market.
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Bloomberg
April 27, 2026·1 min read
Image: Bloomberg
Oil eased from intraday highs after the United Arab Emirates announced a historic decision to exit OPEC, nine weeks into the US–Israel war on Iran that has reshaped global oil flows and cut off millions of barrels per day of Middle Eastern supply from the market.
Original article
Oil Jumps Above $110 as UAE Decides to Exit OPEC Amid Iran War
Published by Bloomberg