UAE Exits OPEC, Shaking Global Oil Landscape
TL;DR Summary
The United Arab Emirates announced its withdrawal from OPEC and OPEC+, a shock move that could destabilize the oil cartel amid Iran‑driven energy volatility, as UAE officials condemn weak Gulf backing against Iranian attacks and warn that oil shipments through the Strait of Hormuz could be at risk; the development comes as U.S. President Trump accuses OPEC of inflating prices.
- UAE leaves OPEC and OPEC+ Al Jazeera
- United Arab Emirates leaving OPEC, effective May 1 CNBC
- UAE to Leave OPEC and OPEC+ Next Month to Pursue New Strategy Bloomberg.com
- United Arab Emirates quits OPEC as Iran war raises gulf tensions NBC News
- UAE leaves OPEC and OPEC+ in huge blow to global oil producers' group Yahoo! Finance Canada
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