UAE Exits From OPEC; Signals Major Fracture In Global Oil Cartel Amid War Disruptions

The United Arab Emirates has announced its exit from OPEC and OPEC+, a decision that takes effect on 1 May 2026. This marks a significant blow to the cohesion of the oil cartel at a time of heightened disruption in global energy markets due to the ongoing war in Iran and the closure of the Strait of Hormuz.The UAE’s departure reduces the group’s collective control over global supply from roughly
The United Arab Emirates has announced its exit from OPEC and OPEC+, a decision that takes effect on 1 May 2026. This marks a significant blow to the cohesion of the oil cartel at a time of heightened disruption in global energy markets due to the ongoing war in Iran and the closure of the Strait of Hormuz.The UAE’s departure reduces the group’s collective control over global supply from roughly
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