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UAE quits OPEC

Al Jazeera 1 переглядів 1 хв читання
UAE quits OPECToggle Play

UAE quits OPEC

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 202629 Apr 2026

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