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Outlook For Oil As Strait Of Hormuz Closure, UAE Exit From OPEC Roils Energy Markets

Source: SeekingAlpha

2026-04-29 13:45:00 ET

With the Strait of Hormuz still closed and the UAE signaling plans to leave OPEC, the oil outlook is becoming more uncertain. Bart Melek, Head of Commodity Strategy with TD Securities, explains what this could mean for energy prices and how long elevated costs could last....

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Outlook For Oil As Strait Of Hormuz Closure, UAE Exit From OPEC Roils Energy Markets
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