The United Arab Emirates has stunned the energy world by announcing its exit from OPEC and OPEC+, saying it will now pursue its national interests amid the ongoing US–Israel war on Iran.
The move, effective Friday, marks a major blow to the oil cartel at a time of heightened tension and a historic energy shock. With around 4.8 million barrels per day of crude capacity, the UAE has long been a key Gulf producer and quota‑setting player within the group.
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Energy Minister Suhail Mohamed al‑Mazrouei described the decision as a policy‑driven shift after reviewing current and future production strategies, without prior consultation with Saudi Arabia or other members.
The split also underscores growing competition between Gulf rivals over markets and regional influence, even as attacks on shipping in the Strait of Hormuz disrupt global crude flows.
Analysts warn the departure could weaken OPEC’s ability to coordinate supply and may push other low‑cost producers to reconsider their own participation in quota systems as global demand nears its peak.
