UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensions
- Posted on May 4, 2026
- By Business News Today
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- 1 min read
UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensions
The UAE has exited OPEC and OPEC+ stating it is a sovereign decision. This comes after an ADNOC tanker was hit by Iranian drones in the Strait of Hormuz. The UAE called it a terrorist attack. Officials emphasized the Strait of Hormuz must remain open for global economic stability.
