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 (claremb@sph.com.sg)

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: btpodcasts@sph.com.sg

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/btlenson

See omnystudio.com/listener for privacy information.

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