Yesterday, On Tuesday, April 28, 2026, the UAE officially an...
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Yesterday, On Tuesday, April 28, 2026, the UAE officially announced its decision to withdraw from both OPEC and the OPEC+ alliance, effective May 1, 2026.
Major political win for the Trump administration. He has long advocated for a "decoupling" from cartel-led pricing, and the UAE's departure effectively weakens Saudi Arabia’s leverage over global oil supply.

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