The United Arab Emirates has announced it is leaving OPEC and OPEC+, effective May 1, a stunning move given it has been part of the group since before the UAE became a nation in 1971. 

This comes at a time when the Iran war has already disrupted shipping through the Strait of Hormuz, sending shockwaves through global energy markets.

Is this a huge blow to OPEC and Saudi Arabia? What happens now to oil prices?

On The Big Story, Hongbin Jeong speaks to Mukesh Sahdev, Founder and CEO, XAnalysts,to find out more.

The United Arab Emirates has announced it is leaving OPEC and OPEC+, effective May 1, a stunning move given it has been part of the group since before the UAE became a nation in 1971.&nbsp;
This comes at a time when the Iran war has already disrupted shipping through the Strait of Hormuz, sending shockwaves through global energy markets.
Is this a huge blow to OPEC and Saudi Arabia? What happens now to oil prices?
On The Big Story, Hongbin Jeong speaks to&nbsp;Mukesh Sahdev, Founder and CEO, XAnalysts, to find out more.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.