Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
UAE to Leave OPEC in May as Iran War Reshapes Oil Market
Posted
April 28, 2026
Views
9,208
Likes
76
Comments
3
Engagement
0.86%
April 28, 2026
9,208
76
3
0.86%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
0:19Now PlayingThe United Arab Emirates will leave OPEC, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. #uae #opec #oil #iran #worldnews #politics
The UAE’s exit May 1 after six decades of membership is a significant loss for the group, which has spent years balancing global oil markets and defending prices by managing crude supplies. Before the conflict erupted, the country was OPEC’s third-biggest producer, accounting for roughly 12% of the group’s overall supply.
The move is also the latest indication of how the war in Iran will reshape global energy markets for years to come. While the UAE has talked in the past about quitting OPEC amid longstanding tensions with Saudi Arabia, Energy Minister Suhail Al Mazrouei said in an interview that the disruption caused by the war created an opportune time for the move.
----------
Like this video? Subscribe
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months
Bloomberg on YouTube:
Connect with us on social:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
