The UAE announced it’s withdrawing from OPEC on May 1st. This decision comes as the Gulf nation wants to expand its oil production and as a consequence of the war on Iran which disrupted shipping in the Strait of Hormuz. What does this mean for global oil markets?
Al Jazeera’s Marah Rayan explains.
Published On 29 Apr 2026
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: aljazeera.com
