Gulf Unity Collapses? U.S. Ally Challenges Saudi Oil Dominance, Exits OPEC In Shock Move

| Apr 28, 2026, 09:06:40 PM | TOI.in
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The United Arab Emirates has announced a dramatic exit from OPEC and its allied grouping, OPEC+, amid a global energy crisis due to Iran's blockade of the Strait of Hormuz. In an official statement carried by WAM, the UAE said the decision aligned with its long-term economic vision and evolving energy strategy, emphasizing increased domestic production and a commitment to stable global supply. The announcement coincided with a Gulf leaders’ summit in Jeddah, where security concerns dominated discussions.

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