Agency: The decision to withdraw from OPEC and the OPEC+ alliance will take effect from May 1, 2026.

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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