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Oil jumps as Iran conflict dents supply and UAE exits OPEC pushing Brent and WTI toward $100
Economy
Published on 29 April 2026
UAE leaving OPEC is rattling crude expectations
Oil prices are rising as the Iran conflict threatens supply while the UAE’s announced exit from OPEC and OPEC+ adds fresh uncertainty. Brent is hovering near a three-week high and WTI has crossed $100. Markets are also reacting to inflation signals, bond-yield moves, and stock weakness tied to AI growth worries and looming central bank decisions.
- Iran tensions are disrupting crude supply expectations
- UAE’s OPEC and OPEC+ exit fuels volatility in oil forecasts
- Brent nears a three-week high as WTI pushes above $100
- AI stock worries and rate expectations are amplifying market swings
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times