NewsFeedThe UAE announced it’s withdrawing from OPEC on May 1st. This decision comes as the Gulf nation wants to expand its oil production and as a consequence of the war on Iran which disrupted shipping in the Strait of Hormuz. What does this mean for global oil markets?
Al Jazeera’s Marah Rayan explains.Published On 29 Apr 202629 Apr 2026Click here to share on social mediashare-nodesSharegoogleAdd Al Jazeera on Googleinfo
