UAE quits OPEC as oil cartel takes blow during war on Iran

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UAE quits OPEC arsenic lipid cartel takes stroke during warfare connected Iran

The UAE’s determination to discontinue OPEC to prioritise its ‘national interests’ deals a stroke to the lipid radical already grappling with the situation of shipping Gulf exports done the Strait of Hormuz. Here’s what we cognize astir wherefore it’s withdrawing and the interaction it mightiness have.

Published On 29 Apr 2026

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