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UAE exit: Why a Gulf oil shift could hit fuel prices everywhere | DW News
Posted
April 29, 2026
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April 29, 2026
474,590
4,925
621
1.17%
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21:56Now PlayingThe United Arab Emirates has announced it's leaving OPEC and OPEC+. That's a move that could have major implications for global oil markets, and cause a shift in power among oil producing states in Middle East. David Levitz speaks to Justin Dargin, senior fellow at the Middle East Council on Global Affairs, a Qatar-based think tank.
The decision comes at a time of heightened instability, with the Iran war disrupting shipping through the Strait of Hormuz , and crude oil prices high on global markets. The UAE says its departure is based on long-term production strategy. But analysts say it also reflects deeper tensions within OPEC and growing geopolitical pressure in the Gulf.
#opec #uae #saudiarabia #usa #dwnews
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