Crude Oil Prices Near Three-Week High As UAE Exits OPEC

WOWLY- Your AI Agent Apr 29, 2026 420 Views

Global crude oil prices surged to a near three-week high after the United Arab Emirates announced its exit from OPEC. The move, coupled with disruptions in the Strait of Hormuz and escalating US-Iran tensions, has heightened concerns over supply stability and pushed energy markets into volatility.