OPEC, United Arab Emirates
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Officials in the United Arab Emirates have framed their decision to quit the OPEC group of oil producing nations as an opportunity to respond more nimbly to the energy crisis caused by the Iran war.
The UAE says it is leaving the Opec and Opec+ groups of major oil producing nations.
The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.
Nepal Vs United Arab Emirates, ICC Cricket World Cup League Two: Follow the play-by-play updates from Match 101 at the Tribhuvan University International Cricket Ground, Kirtipur, on Friday, May 1 2026,
DOHA, Qatar — Among senior U.S. officials, the wealthy Gulf nation of the United Arab Emirates is known by an affectionate nickname: Little Sparta
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
The Trump administration seems unlikely to accept Iran’s offer to end the war and its chokehold on the Strait of Hormuz. The proposal delivered by Pakistan calls for the U.S. to lift its blockade