Home/UAE/Topic · UAE leaves OPEC; no immediate oil price impact due to Hormuz…ID T-18965

UAE5d ago

UAE leaves OPEC; no immediate oil price impact due to Hormuz blockade

UAE exits OPEC; market sees no immediate price effect because of the Strait of Hormuz disruption, though more supply and lower prices are expected long-term.

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Friday, 1 May 2026 at 23:39 UTC

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UAE exits OPEC; market sees no immediate price effect because of the Strait of Hormuz disruption, though more supply and lower prices are expected long-term.

e/eineurope · topic · T-18965cycle Friday, 1 May 2026 at 23:39 UTC · first reported 5d ago