Live: Trump says Iran in 'state of collapse', US marines board cargo ship
US forces boarded a cargo ship suspected of heading to Iran, while the United Arab Emirates announced its withdrawal from OPEC, impacting global oil markets. Israeli strikes in Gaza and southern Lebanon resulted in multiple deaths, including civilians and soldiers. The conflict continues to affect global markets and diplomatic relations, with rising plastic prices in Australia and calls for greater diplomatic engagement.
- ▪US Central Command reported that marines boarded and searched a cargo ship suspected of attempting to reach Iran.
- ▪The United Arab Emirates, a major oil producer, is leaving OPEC, disrupting the global oil market.
- ▪Israeli strikes killed eight Lebanese soldiers during rescue operations and five people in Gaza, including a child.
- ▪The US Treasury is sanctioning 35 entities and individuals linked to Iran's shadow banking system.
- ▪Australia faces rising plastic prices due to supply chain disruptions caused by the Middle East conflict.
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Iran war live updates: United Arab Emirates exits from OPEC creating another disruption to oil market — as it happenedBy Georgie Hewson, Fergus Gregg and Thomas MorganTopic:WarWed 29 Apr 2026 at 5:44amWed 29 Apr 2026 at 5:44amWed 29 Apr 2026 at 5:44amSkip to timelineabc.net.au/news/iran-war-blog-live-updates-iran-in-state-of-collapse-/106616590Link copiedShareShare articleThe United Arab Emirates has withdrawn from OPEC, in a major blow to the group of oil-producing nations. Meanwhile, Treasurer Jim Chalmers says the war in the Middle East is to blame for a rise in inflation. Look back at our live updates.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).