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In a move set to rattle global energy markets, the United Arab Emirates has announced it will withdraw from both the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective this Friday.
Officials cited “national interests” for the sudden exit, a decision that comes as crude prices climb sharply amid escalating tensions in the Middle East and disruptions around the critical Strait of Hormuz.
The UAE’s departure marks a significant shift within the oil-producing bloc, raising concerns about supply coordination and future price stability.
Market analysts warn the move could deepen volatility in an already strained global energy landscape, with ripple effects expected across economies dependent on crude exports and imports alike.
As geopolitical tensions intensify, the UAE’s bold step signals a potential realignment in the balance of power within the oil world.
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