UAE quits OPEC, plans oil output hike

The United Arab Emirates has announced its withdrawal from OPEC, becoming the latest country to leave the oil producers' cartel. The UAE intends to sharply increase its oil production following the exit, a move that could impact global oil markets already strained by the ongoing US-Iran war. The decision was reported by Al Jazeera and comes amid tensions within OPEC over production quotas and strategic direction.