Trump Celebrates UAE Exit from OPEC as Potential Energy-Price Relief
TL;DR Summary
President Trump endorsed the UAE's decision to quit OPEC, saying it should lower gas and oil prices amid regional tensions with Iran and disruption of oil exports through the Strait of Hormuz; the UAE says the move serves its national interest while still valuing decades of cooperation with OPEC, as the region faces attacks linked to Iran and U.S. actions in the area.
- Trump says it's 'great' that UAE pulled out of OPEC CNBC
- Trump Hails UAE’s Exit from OPEC, Says Will Lower Energy Prices Bloomberg.com
- ‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC Fortune
- UAE Says It Will Leave OPEC as Iran War Strains Oil Markets The New York Times
- United Arab Emirates Will Leave OPEC May 1—Trump Says It's 'Great' Forbes
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