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Story summary
- UAE announced it will leave OPEC in May, citing Iran-war oil market disruptions.
- President Donald Trump said Iran asked the United States to lift its Hormuz blockade while war talks continue.
- Brent crude settled above $111 a barrel for a seventh session as markets reacted to a possible Hormuz closure.
- Iran indicated it might accept an interim deal to reopen the strait if the United States ends its port blockade.
