The UAE announced its exit from OPEC and OPEC+ amid the Strait of Hormuz crisis and US-Iran war, shaking the g! Swipe to see →
On April 30, 2026, the United Arab Emirates (UAE) officially announced its exit from OPEC and OPEC+ — a decision that sent shockwaves thr...
UAE Minister of Energy Suhail al-Mazrouei announced the decision at a press conference in Abu Dhabi: "The UAE will exercise its sovereign...
Frustration escalated with the US-Iran war and the crisis in the Strait of Hormuz, which drove up oil prices. The UAE calculated that by ...
UAE (Minister of Energy): "This is not a decision against OPEC. It is a decision in favor of the UAE's energy future. We will continue to...
The UAE's exit from OPEC in 2026 is more than an economic decision — it is a declaration of energy independence from a nation that grew u...