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diplomacyApr 29, 2026
What is OPEC? Why is the UAE leaving it?
Summary
What is OPEC? Why is the UAE leaving it? The United Arab Emirates (UAE) says it is pulling out of an international oil-producers' group called OPEC. It comes amid the fuel crisis sparked by the Iran war and subsequent blockades of the major oil shipping route, the Strait of Hormuz. Here's why it matters.
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What is OPEC? Why is the UAE leaving it? The United Arab Emirates (UAE) says it is pulling out of an international oil-producers' group called OPEC. It comes amid the fuel crisis sparked by the Iran war and subsequent blockades of the major oil shipping route, the Strait of Hormu…
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