World
UAE Leaves OPEC: Impact on the Gulf, Energy Markets, and Beyond
The United Arab Emirates has announced it will leave OPEC after decades of membership, a move aimed at pursuing independent economic policies and reshaping Gulf oil politics. The exit follows years of tensions over OPEC's output limits as the UAE sought to boost production capacity. The decision comes amid the US-Israel war with Iran, which has disrupted Gulf oil exports through the Strait of Hormuz.