UAE quits Opec in major blow to oil cartel
- Posted on April 28, 2026
- By The Times
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- 1 min read
In brief
The United Arab Emirates has announced its withdrawal from OPEC, marking a significant shift in global oil geopolitics. This strategic decision emerges amid escalating regional tensions stemming from the Iran conflict and longstanding disagreements with Saudi Arabia, OPEC's dominant member. The departure signals deepening fractures within the cartel and raises questions about future oil market stability and pricing coordination among major producers.
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UAE quits Opec in major blow to oil cartel
The Gulf state’s departure — amid industry-wide turmoil caused by the Iran war — follows tension with the group’s de facto leader, Saudi Arabia
