Iran war: Brent oil briefly hits $119 as talks stall
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Here is a roundup of the latest developments around the war in Iran and the wider Middle East on Wednesday, April 29, 2026. US President Donald Trump on Wednesday hailed the UAE's exit from the OPEC group, just as the price of a barrel of Brent crude briefly rose above $119 (roughly €101.73). Trump said he believed the UAE's OPEC exit could help lower oil prices. "I think it's great," Trump said when asked by reporters at the White House what he thought of the UAE's decision. "I think
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