The United Arab Emirates has announced its decision to leave OPEC, effective May 1, a move that could reshape the dynamics of the world's leading oil exporters. This departure comes as the energy sector faces increased volatility due to the ongoing conflict in Iran.
As the UAE exits both OPEC and OPEC+, analysts are closely monitoring the implications for global oil supply and pricing. This unexpected shift highlights the evolving landscape of energy politics and the challenges faced by major oil-producing nations.