Agency: The decision does not change the UAE's commitment to the stability of global markets or its approach based on cooperation with producers and consumers, but rather enhances its ability to respond to changing market demands.

DUBAI, April 28 (Reuters) - The United Arab Emirates announced on Tuesday its withdrawal from OPEC and the OPEC+ alliance, delivering a major blow to the two blocs and to Saudi Arabia, their de facto leader, at a time when Iran's war has caused a historic shock to the energy sector and disrupted the global economy.

The sudden withdrawal of the United Arab Emirates, a long-standing member of OPEC, would create chaos and weaken the organization, which has often sought to appear as a united front despite internal disagreements over a range of issues from geopolitics to production quotas.


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