Article
First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers
First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers
OPEC member and major Gulf producer, the UAE, has decided to exit the oil cartel, an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET.
OPEC finished https://t.co/RtxJdZQeQh
— zerohedge (@zerohedge) April 28, 2026
WAM said the decision reflects the "evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner."
OPEC was founded in Baghdad in September 1960 by Iran, Iraq, Kuwait,...
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