Finance

UAE Quits OPEC as War Upends Oil Markets and Gulf Tensions Rise

The United Arab Emirates will leave OPEC next month, in a significant blow to the group that raises questions about its future at a time when the industry is grappling with the massive supply disruption caused by the Iran war.

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Bloomberg
April 28, 2026·1 min read
UAE Quits OPEC as War Upends Oil Markets and Gulf Tensions Rise

Image: Bloomberg

The United Arab Emirates will leave OPEC next month, in a significant blow to the group that raises questions about its future at a time when the industry is grappling with the massive supply disruption caused by the Iran war.

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UAE Quits OPEC as War Upends Oil Markets and Gulf Tensions Rise

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