The United Arab Emirates has announced it will exit OPEC, delivering a major shock to the global oil alliance. As one of the group’s largest producers, the UAE’s departure raises serious questions about the future unity and influence of OPEC. The move comes at a time of heightened geopolitical tensions, with disruptions in the Strait of Hormuz affecting oil exports and global supply chains. The region remains a critical energy corridor, and ongoing instability has already pushed oil prices higher.
