#UAE #OPEC
"UAE leaves OPEC in blow to oil cartel amid war on Iran
Announcement of May 1 exit comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz.
The United Arab Emirates (UAE) has announced its decision to quit OPEC and OPEC+ to focus on “national interests”, dealing a heavy blow to the oil-exporting groups at a time when the US-Israel war on Iran has caused a historic energy shock and rattled the global economy.
The move, which will take effective on May 1, reflects 'the UAE’s long-term strategic and economic vision and evolving energy profile', a statement carried by state media said on Tuesday."
https://www.aljazeera.com/news/2026/4/28/uae-leaves-opec-and-opec
Levka
npub1x7…3emr8
2026-04-28 18:24:12 UTC
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2026-04-28 18:24:12 UTCEvent JSON
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