Finance

UAE to Leave OPEC in May as Iran War Reshapes Oil Market

The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war.

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Bloomberg
April 28, 2026·1 min read
UAE to Leave OPEC in May as Iran War Reshapes Oil Market

Image: Bloomberg

The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war.

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UAE to Leave OPEC in May as Iran War Reshapes Oil Market

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