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UAE to leave OPEC amid Hormuz oil crisis, a blow to Saudi Arabia

The Washington Post·Mohamad El Chamaa·about 1 month ago
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Democracy Dies in Darkness

The departure weakens the Organization of the Petroleum Exporting Countries, long criticized by Trump, as the global economy reels from the Iran war energy shock.

April 28, 2026 at 5:45 p.m. EDTyesterday at 5:45 p.m. EDT

The oil terminal of Fujairah, United Arab Emirates, in September 2016. (Karim Sahib/AFP/Getty Images)

BEIRUT — The United Arab Emirates announced Tuesday that it would exit the Organization of the Petroleum Exporting Countries, or OPEC, along with the wider group of partners known as OPEC+, effective May 1, in what could be a blow to control over prices by the group, long led in practice by Saudi Arabia.

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