UAE quits OPEC as oil cartel takes blow during war on Iran

Author: aljazeera.comPublished on: April 29, 2026Country: United Arab Emirates

PoliticsBusiness & Economy

UAE quits OPEC as oil cartel takes blow during war on Iran

The UAE has decided to leave OPEC to prioritize its 'national interests', dealing a blow to the oil group already grappling with challenges in shipping Gulf exports through the Strait of Hormuz. This decision comes amid rising tensions related to Iranian attacks.

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