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INDIA WINS BIG As UAE Exits OPEC Amid Hormuz Crisis, Cheaper Oil Prices Incoming After Iran War?
Posted
April 29, 2026
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April 29, 2026
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4:01Now PlayingThe global oil order is shifting as the Organization of the Petroleum Exporting Countries (OPEC) faces a major setback with the United Arab Emirates exiting the bloc. By breaking free from production quotas, the UAE can pump more oil, increasing global supply and weakening price control. For India—which imports most of its crude—this could mean cheaper deals, lower import bills, and reduced inflation. Strong bilateral ties may also unlock flexible long-term agreements. However, tensions in the Strait of Hormuz remain a risk, potentially delaying full benefits.
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