United Arab Emirates to Exit OPEC+ Effective May 1

The United Arab Emirates will leave OPEC+ effective May 1, signaling a shift in the oil bloc's dynamics and potentially impacting global oil prices. The move reflects the UAE's evolving energy strategy and national interests, and may be viewed as a strategic win for President Trump, who has criticized OPEC+ for manipulating oil prices. The decision comes amid heightened geopolitical tensions in the Persian Gulf.

By Jake Conley · Breaking Business News Reporter Updated Tue, April 28, 2026 at 5:16 PM GMT+3 4 min read · Yahoo Finance · April 28, 2026, 14:16 UTC

Topics: energy policy geopolitical shifts oil market OPEC+ UAE

Read the full article at Yahoo Finance

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