Oil prices ease after rally as UAE exits OPEC; Iran conflict, Hormuz blockade keep supply concerns high

Brent crude futures for June dipped 1% to $111.25 a barrel, having climbed for the previous seven sessions

Apr 29, 2026 - 12:30
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Oil prices ease after rally as UAE exits OPEC; Iran conflict, Hormuz blockade keep supply concerns high
Brent crude futures for June dipped 1% to $111.25 a barrel, having climbed for the previous seven sessions

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