Apr 29, 2026
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Shock exit: UAE leaves OPEC and OPEC+

United Arab Emirates

Shock exit: UAE leaves OPEC and OPEC+

The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.

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