Markets News

Some media outlets reported that Iran is about to submit a peace proposal, but the Iranian military insists that the war is not over!

Some media outlets reported that Iran is about to submit a peace proposal, but the Iranian military insists that the war is not over!

· The UAE announced its withdrawal from OPEC and the OPEC+ mechanism, effective May 1st. This news is bearish for crude oil. · Saudi Aramco has extended the suspension of liquefied petroleum gas (LPG) deliveries until the end of May. This news is bullish for crude oil. · The World Bank predicts that energy prices will surge 24% by 2026 if the worst of the Middle East wars ends in May. This news is bullish for crude oil.

TOPONE Markets Analyst
2026-04-29 08:30:00
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